HK Movers | Stablecoin Stocks Jump with Lianlian DigiTech up 62%

Tiger Newspress

06/02

Hong Kong-listed stablecoin concept stocks defied the market trend and rose, with shares of Lianlian DigiTech up 62%, OKG Tech up 33%, Sinohope Tech up 14%, OSL Group up 5%, ZA Online up 0.6%.

The Government of the Hong Kong Special Administrative Region published the Stablecoin Regulation in the Gazette on May 30, officially enacting it into law.

Previously, on May 21, the Legislative Council of Hong Kong officially passed the bill to establish a licensing regime for issuers of 'fiat-referenced stablecoins'—stablecoins pegged to legal tender. The legislation aims to promote financial innovation while safeguarding financial stability, marking a significant step forward for Hong Kong in the digital asset space.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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