🇭🇰 Analysis: Hong Kong's "Stablecoin Regulation" is about to take effect, and the "exchange shops" business has not yet been affected. Hong Kong's "Stablecoin Regulation" will officially take effect on August 1, prohibiting unlicensed entities from operating stablecoin businesses in the region. Daily Economic News found that many street cryptocurrency exchange shops (#OTC) in Hong Kong are still operating normally, with some staff indicating they have not yet received any notifications about business changes. Currently, the exchange shops are still exchanging USDT, USDC, and other stablecoins, which remain in a regulatory blind spot; in the future, they may need to apply for a special license. Legislative Council member Kenneth Leung stated that after the regulation takes effect, it will be illegal for unlicensed platforms to sell USDT and USDC to retail investors, and existing stablecoins can be traded on licensed platforms. The Hong Kong SAR government is conducting a public consultation on the licensing system for over-the-counter trading services, which will end on August 29.