Hong Kong's Stablecoin Ordinance Shakes Crypto Markets – Ethereum Holds Strong at $3,566

🚨 Breaking: Hong Kong Sets New Global Standard for Stablecoin Regulation

Hong Kong has enacted its Virtual Asset Platforms Ordinance, introducing strict compliance rules for stablecoin issuers and exchanges. The move signals Asia’s push for crypto regulatory leadership, with ripple effects across global markets.

🔍 Key Impacts of the Ordinance

✅ Mandatory Licensing – Stablecoin issuers must now obtain HKMA approval

✅ AML/CTF Enforcement – Enhanced scrutiny on fiat-backed stablecoins

✅ Global Influence – Could shape policies in EU, US, and other jurisdictions

📊 Ethereum (ETH) Market Snapshot

| Metric | Value | Change (24H)** |

|----------------------|----------------------|------------------|

| Price | $3,566.59 | -1.35% |

| Market Cap | $430.53B | – |

| 24H Volume | $41.52B | – |

| 90-Day Growth | +124.37% | – |

💡 Why Ethereum Remains Resilient

Despite short-term volatility:

✔ Institutional Demand – Spot ETH ETFs driving inflows

✔ Regulatory Clarity – Hong Kong’s rules favor compliant smart contract platforms

✔ Upcoming Upgrades – Further scalability improvements expected

🌐 Global Regulatory Trends

- EU: MiCA regulations in full effect

- US: GENIUS Act shaping stablecoin policy

- Asia: Hong Kong now leading with most detailed framework

📌 What’s Next?

- Stablecoin issuers may relocate to friendlier jurisdictions

- Ethereum could benefit as "regulated DeFi" hub

- More exchanges likely to delist non-compliant stablecoins

🚨 Follow for real-time regulatory updates!

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