《Stablecoin Regulation》 Takes Effect, Some Hong Kong Money Changers Still Exchange USDT Without License

By: theblockbeats.news|2025/08/09 11:21:56

0

Share

copy

BlockBeats News, August 9th. According to Caixin, the Hong Kong "Stablecoin Regulation" took effect on August 1, 2025. In addition to introducing an issuer licensing system, the regulation clearly stipulates that without being a "permitted offeror" holding one of five types of licenses, one cannot conduct stablecoin "offerings" in Hong Kong. In other words, exchanges that previously operated USDT and USDC stablecoin exchange businesses in Hong Kong will need to suspend such operations.

Reporters found that some exchanges, represented by "One Bitcoin" and "5X Crypto," have suspended the exchange of USDT, USDC, and fiat currency. Some exchanges like "BitsMark" have even closed down. However, exchanges such as "Crypto Panda" and "Star Coin," while no longer displaying prices for exchanging stablecoins to users, still facilitate private inquiry transactions.

-- Price

You may also like

Champion's Final Bow: FC Barcelona vs Real Betis – Celebrate the Title with a Home Finale

Champion's Final Bow: FC Barcelona vs Real Betis – Celebrate the Title with a Home Finale

FC Barcelona are champions! After beating Real Madrid to clinch the 2025-26 LALIGA title, Barça return home to face Real Betis on May 17. A victory party at Spotify Camp Nou awaits. Full preview inside.

Best Oil Trading Platform for Crypto Users in 2026

Best Oil Trading Platform for Crypto Users in 2026

Looking for the best oil trading platform for crypto users? Trade crude oil, gold, forex, and US stock futures directly with USDT on WEEX TradFi with 0% trading fees and no broker account required.

5 Futures Trading Strategies Smart Traders Use to Cut Crypto Fees and Boost Futures Returns

5 Futures Trading Strategies Smart Traders Use to Cut Crypto Fees and Boost Futures Returns

Most futures traders focus on entries and exits but ignore the fees quietly killing profits. Learn 5 futures trading strategies to cut costs and improve returns in 2026.

What Is TradFi? How Crypto Traders Can Now Access Crude Oil, Gold, and Global Markets

What Is TradFi? How Crypto Traders Can Now Access Crude Oil, Gold, and Global Markets

What is TradFi in crypto? Learn how crypto traders can now trade crude oil, gold, stocks, and global markets directly with USDT on WEEX TradFi with 0 fee trading and a $150,000 bonus pool.

How WEEX Bridges Crypto and Football: A Deep Look at the LALIGA Partnership Inside the WEEX App

How WEEX Bridges Crypto and Football: A Deep Look at the LALIGA Partnership Inside the WEEX App

WEEX is not just a LALIGA sponsor. It’s a true partner. From iPhone Dynamic Island to LALIGA-themed app icons and smart posters, see how WEEX brings football passion into every trade — and builds a real bridge between crypto and sports.

FC Barcelona vs Real Madrid Preview: El Clásico – Can Barça Clinch the Title at Spotify Camp Nou?

FC Barcelona vs Real Madrid Preview: El Clásico – Can Barça Clinch the Title at Spotify Camp Nou?

FC Barcelona vs Real Madrid El Clásico match preview for May 11, 2026. Barça need just 1 point to win LALIGA. Can Madrid delay the trophy? Full preview inside.

At the Stripe conference, I saw the future of the AI economy

At the Stripe conference, I saw the future of the AI economy

When agents cross the boundaries of tools and begin to make autonomous decisions and payments, a new business transformation has arrived.

Miners welcome a new life

Miners welcome a new life

Under the dual impact of the halving crisis and market crash, Bitcoin mining farms are fully transforming into AI data centers by leveraging existing power infrastructure, fiercely securing billions in orders from tech giants for a comeback.

Seven Important Judgments by Claude Code's Founder at the Sequoia Conference

Seven Important Judgments by Claude Code's Founder at the Sequoia Conference

Claude Code founder's in-depth sharing at the Sequoia Conference: AI is downgrading "coding" to a basic skill, cross-domain product insights have become the new core barrier, traditional SaaS moats are completely collapsing, and the golden era of startups disrupting large companies has already begun...

The payment moment of AI agents: Who will become the Stripe of the machine economy?

The payment moment of AI agents: Who will become the Stripe of the machine economy?

Cryptographic infrastructure and card organizations are not mutually exclusive; the winner is the unified gateway that connects both tracks simultaneously.

Morning Report | MoonPay acquires Solana's execution layer DFlow; Strategy releases Q1 financial report; Manta Network announces the termination of Manta staking program

Morning Report | MoonPay acquires Solana's execution layer DFlow; Strategy releases Q1 financial report; Manta Network announces the termination of Manta staking program

Overview of Important Market Events on May 6th

Rented Tracks: What is this wave of stablecoin FX hot money really paying for?

Rented Tracks: What is this wave of stablecoin FX hot money really paying for?

What is truly being repriced in the market is the layer between stablecoin issuers and the real economy - the transaction layer.

Dialogue Velocity Eric: What is the stablecoin track that the CFO really wants?

Dialogue Velocity Eric: What is the stablecoin track that the CFO really wants?

Former Worldpay strategic executive enters the crypto space: Revealing how Velocity tackles the CFO's most troublesome issues of cross-border settlement and idle funds with "stablecoin payment accounts."

Strategy should have said that selling coins is not ruled out

Strategy should have said that selling coins is not ruled out

If Saylor sells his coins, will the cryptocurrency market plummet?

How MegaETH Achieved a TVL of 700m Within a Week of TGE? Analyzing the Packaging Strategy

How MegaETH Achieved a TVL of 700m Within a Week of TGE? Analyzing the Packaging Strategy

MegaETH created a flywheel with USDm, aiming to attract a large number of users and funds in the short term.

Futures Trading Hours: Trade Cryptocurrency 24/7 and Earn Back Up to 45% in Trading Fees

Futures Trading Hours: Trade Cryptocurrency 24/7 and Earn Back Up to 45% in Trading Fees

Learn futures trading hours and the best time to trade crypto futures. Discover 24/7 market insights, peak trading sessions, and how to earn back up to 45% in fees.

Why is a16z Crypto raising another $2.2 billion to heavily invest in Web3?

Why is a16z Crypto raising another $2.2 billion to heavily invest in Web3?

This round of funding bets on the transition of cryptocurrency from the infrastructure development phase to the phase of real user adoption. Whether focusing on cryptocurrency or crossing over to AI, this real money will only flow to those places that can turn technology into products.

Polymarket Underlying Algorithm Explained

Polymarket Underlying Algorithm Explained

It may be the only article on Twitter that clearly explains all the underlying design of Polymarket in plain language.

Champion's Final Bow: FC Barcelona vs Real Betis – Celebrate the Title with a Home Finale

FC Barcelona are champions! After beating Real Madrid to clinch the 2025-26 LALIGA title, Barça return home to face Real Betis on May 17. A victory party at Spotify Camp Nou awaits. Full preview inside.

Best Oil Trading Platform for Crypto Users in 2026

Looking for the best oil trading platform for crypto users? Trade crude oil, gold, forex, and US stock futures directly with USDT on WEEX TradFi with 0% trading fees and no broker account required.

5 Futures Trading Strategies Smart Traders Use to Cut Crypto Fees and Boost Futures Returns

Most futures traders focus on entries and exits but ignore the fees quietly killing profits. Learn 5 futures trading strategies to cut costs and improve returns in 2026.

What Is TradFi? How Crypto Traders Can Now Access Crude Oil, Gold, and Global Markets

What is TradFi in crypto? Learn how crypto traders can now trade crude oil, gold, stocks, and global markets directly with USDT on WEEX TradFi with 0 fee trading and a $150,000 bonus pool.

How WEEX Bridges Crypto and Football: A Deep Look at the LALIGA Partnership Inside the WEEX App

WEEX is not just a LALIGA sponsor. It’s a true partner. From iPhone Dynamic Island to LALIGA-themed app icons and smart posters, see how WEEX brings football passion into every trade — and builds a real bridge between crypto and sports.

FC Barcelona vs Real Madrid Preview: El Clásico – Can Barça Clinch the Title at Spotify Camp Nou?

FC Barcelona vs Real Madrid El Clásico match preview for May 11, 2026. Barça need just 1 point to win LALIGA. Can Madrid delay the trophy? Full preview inside.

Contents

Popular coins

Latest Crypto News

21:52

Alchemy Pay mainnet launched, creating the world's first dual-compliance payment public chain

Alchemy Pay today announced the official launch of the Alchemy Chain mainnet, which focuses on stablecoin payments and aims to build a global compliant stablecoin payment network.Alchemy Chain is positioned as the world's first payment public chain that connects the dual compliance frameworks of Eur...

21:52

AI + DePIN project PinGo announces expansion of AI ecosystem blueprint

The first AI + DePIN project PinGo on the TON chain was officially announced on May 7, expanding its AI ecosystem blueprint with three core components:AI Token Integration Platform: Supports staking, governance, and cross-platform applications of AI Tokens; AI Infrastructure Platform: Aggregates idl...

21:52

ZachXBT is offering a reward of $10,000 for information related to LAB market manipulation

On-chain detective ZachXBT announced a reward of $10,000 for evidence of market manipulation related to LAB, including insider information on market makers for LAB on Bitget spot, Bybit perpetual contracts, Binance perpetual contracts, and OKX perpetual contracts, such as contracts, chat records, et...

21:52

B.AI API major expansion: GPT-5.5 Instant and three other major models officially launched

The B.AI API model library welcomes a significant expansion, with four major models officially launched: GPT-5.5 Instant, DeepSeek-v3.2, MiniMax-M2.7, and GLM-5.1.Among them, GPT-5.5 Instant completed underlying adaptation and interface integration within 48 hours after OpenAI's release, achieving z...

21:52

The grayscale DeFi fund adds ENA and removes AERO, with ETH holdings regaining the top position

Grayscale has completed the rebalancing of its cryptocurrency industry fund. The DeFi fund has added the Ethena token ENA, with a weight of 13.59%, making it the fourth largest holding in the fund. At the same time, the fund has completely removed the Aerodrome Finance token AERO.After the adjustmen...