Hong Kong's Stablecoin Regulations Limit Sales to Licensed Entities

According to Odaily, Hong Kong's stablecoin regulations stipulate that only designated licensed entities are permitted to sell fiat-backed stablecoins within the region. These stablecoins must be issued by licensed issuers to be available for retail investors. Additionally, there is a provision for 'active promotion,' which requires entities to obtain a license if they actively advertise their involvement in regulated stablecoin activities, whether in Hong Kong or elsewhere, even if they are not directly engaged in such activities.