Media: Proactively advertising to the public that stablecoins are being or appear to be being sold in Hong Kong also requires a license

According to the "Daily Economic News", the Hong Kong Stablecoin Ordinance only allows designated licensed institutions to sell fiat stablecoins in Hong Kong, and only fiat stablecoins issued by licensed issuers can be sold to retail investors. In addition to the above situation, there is another "active promotion" situation, that is, even if you are not directly engaged in regulated stablecoin activities, if you actively advertise to the public in Hong Kong or other regions that you are or appear to be conducting such activities, you need to apply for a license.