Hong Kong's Stablecoin Ordinance Takes Effect on First Day, Some OTC Stores Temporarily Close Due to Unclear Regulation
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最新报道：According to Techub, on the first day of the implementation of the Hong Kong Stablecoin Ordinance, some offline cryptocurrency OTC stores, including One Satoshi, temporarily closed due to concerns about violating regulatory requirements. However, some chose to remain open. Some of these operators believe that OTC activities involving non-Hong Kong legal tender issued overseas (such as USDT) are not covered by the ordinance. According to Hong Kong common law, unless there is clear precedent declaring OTC stablecoin activities illegal, OTC businesses may continue to operate.
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