Hong Kong’s Crypto Circus: Stablecoins, Licenses, and Red Tape Galore!
Ah, Hong Kong, the land where capitalism waltzes with communism, has birthed yet another bureaucratic masterpiece-the Stablecoin Ordinance. Yes, the city that never sleeps (unless it’s napping under the shadow of Beijing) has officially rolled out the red carpet for stablecoin issuers, complete with licenses, reserves, and enough red tape to choke a dragon. Authorities, with all the pomp of a circus ringmaster, have announced that license applications are now under review. The virtual assets market, growing faster than a tycoon’s ego, is finally getting the oversight it deserves-or at least the oversight it can’t avoid.








