BiyaPay Analyst: On the first day of the official implementation of the "Hong Kong Stablecoin Proposal," stablecoin concept stocks experienced a widespread afternoon decline, with Brighten Securities Financial falling by over 20%.
BlockBeats News, August 1st, the Hong Kong "Stablecoin Regulation Draft" officially took effect, marking the formal establishment of a licensing regulatory mechanism for stablecoin issuers in Hong Kong. This move aims to provide a clearer legal framework for the virtual asset ecosystem, prevent systemic financial risks, and promote Hong Kong's development as a global virtual asset center.
According to BiyaPay analysts, influenced by the implementation of this policy, the stablecoin concept stocks in the Hong Kong stock market collectively declined in the afternoon. Among them, Bright Smart Securities & Commodities Group (01428) fell by over 20%, WeLab Holdings (00376) dropped nearly 16%, LianLian Digital Finance (02598) fell by over 9%, Goldstream Investment (01328), Sino Prosper (02562), and Guotai Junan International (01788) all fell by over 8%. The market is generally concerned that the licensing process may be slower than expected, posing short-term performance and compliance pressures on relevant enterprises.
At the same time, regulatory clarification has also laid the foundation for the integration of digital assets and traditional finance, which may become a long-term positive development. BiyaPay analysts pointed out that as policies continue to be implemented, the compliance and internationalization of the Hong Kong financial market will continue to improve.
Through BiyaPay, users can use USDT for real-time trading of Hong Kong and U.S. IPO stocks, without the need for an offshore account, to seamlessly participate in the global market, closely follow regulatory and market trends, and seize investment opportunities in every market fluctuation.
You may also like
Morning Report | Samsung announces a 265.5 trillion won investment plan, focusing on semiconductor and AI computing power data centers; Vitalik publishes an article detailing the entire technology tree behind the confusion protocol (iO) mainline
What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline
In such a crowded cross-border payment arena, where is the next stop for the future?
Why Is Bitcoin Down in 2026? What We Can Learn From 2022
The large models in the United States are moving towards closure in the name of security
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
Why do cryptocurrency projects always like to change their names?
Who is footing the bill for the $64 billion accounting frenzy?
I never expected that the first application of AI x Crypto would be in security auditing
What is your view on Binance's competitive advantages?
ETH has entered a non-consensus phase, and the turning point is approaching!
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
Morning Report | Samsung announces a 265.5 trillion won investment plan, focusing on semiconductor and AI computing power data centers; Vitalik publishes an article detailing the entire technology tree behind the confusion protocol (iO) mainline
What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline
In such a crowded cross-border payment arena, where is the next stop for the future?
Why Is Bitcoin Down in 2026? What We Can Learn From 2022
The large models in the United States are moving towards closure in the name of security
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
