Odaily Planet Daily News 🌟 The Hong Kong Monetary Authority and the Treasury Bureau recently released a consultation summary on legislative proposals for the regulatory system for stablecoin issuers. According to the summary, stablecoin issuers must hold sufficient financial resources to cope with market, operational, technical and other risks. 💼

After market feedback, the minimum paid-up share capital requirement will be adjusted to HK$25 million or 1% of its stablecoin circulation, whichever is higher. In addition, the Monetary Authority reserves the flexibility and power to impose additional capital requirements when necessary. 💪

This move shows Hong Kong's positive attitude towards cryptocurrency regulation, while also providing a clearer operating framework for market participants. 🔍

Bitcoin investors can continue to pay attention to this development. After all, the improvement of supervision will contribute to the long-term healthy development of the market. 🚀