Analysis: Stakeholders in Hong Kong must also apply for a license if they actively promote to the public that they are conducting or appear to be conducting stablecoin sales activities

ChainCatcher news, according to the Daily Economic News, the Hong Kong stablecoin regulations only allow 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 scenario of "active promotion," which means that even if one is not directly engaged in regulated stablecoin activities, if they actively promote to the public in Hong Kong or other regions that they are or seem to be conducting such activities, a license is also required.