#加密货币监管政策# The new regulations for stablecoins in Hong Kong have officially come into effect! This is a significant Favourable Information for the Web3 ecosystem. I feel very excited to see the Monetary Authority open up license applications. This means that stablecoins will thrive under a compliant framework, bringing more opportunities to the entire industry. Although the first batch of licenses will not be issued until next year, I believe this process will make Hong Kong a benchmark for global encryption regulation. As for some OTC stores temporarily closing, I think this is just a small setback during the transition period. In the long run, clear regulations will allow the entire industry to develop in a healthier and more orderly manner. Let's all look forward to the bright future of Hong Kong Web3!