The regulatory scope of the Hong Kong stablecoin bill is limited and does not affect OTC trading of USDT/USDC.

[Coin World] Lawyer Wu Wenqian pointed out that the Hong Kong stablecoin bill framework regulates the issuance of stablecoins, and certain stablecoin issuance companies do not need to come to Hong Kong to obtain a license, as they are not issuing in Hong Kong and are not priced in HKD. Conducting OTC trades of USDT / USDC in Hong Kong does not constitute issuance and is not regulated by the ordinance, but by potential future OTC license regulations for related businesses, which are unrelated to the stablecoin ordinance.

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NFTFreezervip
· 16h ago
The whole process is really laborious yet clear.
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BTCRetirementFundvip
· 17h ago
As the old saying goes, Compliance is just being willful.
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blocksnarkvip
· 17h ago
OTC players can finally breathe a sigh of relief.
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