Wu said that according to Hong Kong News Network, the "Stablecoins Ordinance" in Hong Kong will come into effect on August 1st, and the Hong Kong Monetary Authority will begin accepting license applications. Currently, the Hong Kong Monetary Authority has initiated market consultations on the implementation of specific guidelines for the "Stablecoins Ordinance", striving to establish guidelines as soon as possible. In addition, the Hong Kong Monetary Authority announced that it is leading the review of the implementation of the Global Cryptocurrency Activity Regulatory Framework by the Financial Stability Board under the G20. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44457