Hong Kong has passed the Stablecoin Ordinance to regulate stablecoin issuance, with the first licenses expected to be issued in early 2026: #BTC
Issuers must apply for a license from the Hong Kong Monetary Authority (HKMA) and meet the following requirements:
Capital adequacy: at least HK$50 million.
Reserve management: implement an asset segregation mechanism with daily market value assessments and monthly audits to ensure stablecoins can be redeemed at face value.
Operational restrictions: only licensed institutions may sell stablecoins to retail investors, and advertising is strictly limited.
Implementation timeline: the ordinance comes into effect on August 1, 2025, establishing Asia's first comprehensive regulatory framework for fiat-backed stablecoins.
✍【Main Title】Build the Binance Square Together, Now Is the Time to Pool Resources and Dig for Gold
✍【Subtitle】Step-by-step guide for beginners to build a Binance Square account from 0 to 1, one group is 10 times faster than one person ⭐️【Opening Statement】⭐️ "Going alone is fast, but going together is far—united we reach the horizon and conquer the seas🌊", the new journey of Binance Square begins, the time to pool resources and dig for gold is now! In celebration of Li Qian's personal account reaching 10K followers in just four days, we express our gratitude 🎊 and invite all crypto community partners to join the gold-digging feast 🥰 As the ancient saying goes, "One thread cannot make a line, one tree cannot make a forest." Going it alone to build an account is hard to break through, but walking together avoids pitfalls and boosts efficiency by 10 times 💥 Today, I’ll guide beginners step-by-step from 0 to 1 in setting up a Binance Square account, with over ten top-tier guest speakers joining to empower you. Full of practical knowledge and exclusive benefits, you’ll have no confusion entering the scene and clear direction in your gold-digging journey! Five exclusive gifts are ready in the live stream—share and like to enter the lucky draw for a mysterious airdrop. Come join us to co-build the ecosystem and share the dividends—let’s get fired up and charge toward Binance wealth 💃 More wealth secrets await you to seize the opportunity first🤩🤩🤩
🎤【Host】 👩🏻 Li Qian Grace | Chairman of Xuhao Media 🎤【Co-Host】 👑 Xuhao Media @旭好传媒
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Click of the Abacus – From Meticulous Calculation to Smart Contracts
'A click of the abacus, and gold flows in abundance.' The ancient abacus is not only a calculating tool but also a symbol of 'clear accounts.' Every movement of an abacus bead concerns integrity and precision. Today, smart contracts inherit this spiritual core. Code is law, automatically executed, perfectly accurate, achieving a higher dimension of 'clear accounts' on a decentralized ledger. Numerous applications on Binance Smart Chain are bringing this 'actuarial' capability to broader financial scenarios. Financial advancement is not just about tools evolving, but also about the pursuit of eternal values such as accuracy, transparency, and integrity.
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