You can be depressed, you can be lazy, you can be excessively sensitive at inappropriate times But remember to question yourself, you must pursue kindness, strive to be open, and always be upright Wake up early to brew a cup of Lion Peak Longjing, and continue to improve your trading
You can be depressed, you can be lazy, you can be excessively sensitive at inappropriate times But remember to question yourself, you must pursue kindness, strive to be open, and always be upright Wake up early to brew a cup of Lion Peak Longjing, and continue to improve your trading
Concerning Stablecoins! The Hong Kong Financial Secretary's Recent Statements.
Recently, Hong Kong Financial Secretary Paul Chan expressed several important views on stablecoins, mainly focusing on the positioning, regulatory policies, and development direction of stablecoins, which are as follows:
Clarifying the Positioning of Stablecoins: Paul Chan emphasized that stablecoins are essentially a payment tool aimed at addressing long-standing pain points such as slow cross-border payment speeds, high costs, and low efficiency. Its core value lies in serving the real economy, as an alternative to the traditional financial system, with the potential to reshape payment and capital market activities.
Emphasizing Regulation and Compliance: The "Stablecoin Ordinance" was passed by the Hong Kong Legislative Council on May 21 and will take effect on August 1. After the ordinance comes into effect, the Hong Kong Monetary Authority will promptly handle licensing applications, encouraging compliant businesses to operate. Issuers must apply for a license from the Hong Kong Monetary Authority and meet minimum capital requirements of HKD 25 million, 100% high liquidity asset reserves, and no additional redemption conditions. Additionally, issuers must comply with a series of risk management and anti-money laundering requirements, as well as provide specific business justifications, such as application scenarios, explaining how their stablecoin business can effectively address pain points in economic activities.
Promoting the Expansion of Application Scenarios: Paul Chan stated that the Hong Kong Special Administrative Region government and financial regulatory authorities will strive to create a favorable market environment, coupled with necessary regulatory measures, to encourage issuers to extend the application of stablecoins to various scenarios, helping to address substantial pain points in both business operations and citizens' lives. The "Hong Kong Digital Asset Development Policy Declaration 2.0" proposes to "promote application scenarios and cross-sector cooperation," emphasizing that stablecoins have the potential to bring about changes in payment and capital market activities, including cross-border payments.
Elaborating on Strategic Significance: Paul Chan believes that the stablecoin ecosystem will attract global capital and technology to converge in Hong Kong, helping Hong Kong to become the world's largest cross-border asset management center within 2-3 years. Through a "multi-currency peg + value regulation" model, Hong Kong allows pegging to currencies such as the Renminbi and US Dollar, avoiding reliance on a single US Dollar while providing a buffer for the mainland to explore the internationalization of the offshore Renminbi, and also consolidating Hong Kong's status as an international financial center.
#山寨季來了? Today is really a great day with $SPK earning money, followed by $SAHARA making a profit, another big harvest. Let's distribute 1000U to everyone to celebrate. {future}(SAHARAUSDT)
Good morning! I, Hu Hansan, have returned. The profile picture is ready. I don't know which uncle or aunt reported me, I'm really impressed. #RWA热潮 #BNB创新高 $BNB {future}(BNBUSDT) $BTC {future}(BTCUSDT) $SOL {future}(SOLUSDT)
The pancake $BTC has been around this location for almost two weeks. The next step is to go to 130,000 or come back to 110,000. Let's all chat. #Strategy增持比特币
'Earn rewards without locking assets? Binance really has something here.'
Recently, I tried a new feature called #SoftStaking on Binance, and I really think it's worth sharing with everyone. In one sentence: as long as you put your coins (like BNB, SOL, etc.) in your spot wallet, you don't need to do anything, and you'll receive staking rewards every day! Doesn't it sound a bit like 'free money'? It does, but it's not just a gimmick.
What is Soft Staking? Soft Staking is different from the 'locked staking' we encountered before; it has several attractive features: