🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
The Legislative Council of Hong Kong officially passed the "Stablecoin Ordinance Draft": Issuers must apply for a license from the Financial Management Commissioner.
The Hong Kong Government welcomes the passage of the Stablecoin Bill by the Legislative Council today (May 21) to establish a licensing regime for fiat stablecoin issuers in Hong Kong and improve the regulatory framework for virtual asset activities in Hong Kong, with a view to maintaining financial stability and promoting financial innovation. After the implementation of the Stablecoins Ordinance, any person who issues fiat currency stablecoins in Hong Kong in the course of business, or fiat currency stablecoins in or outside Hong Kong that claim to be pegged to the value of Hong Kong dollars, must apply for a licence from the Monetary Authority. Relevant persons are also required to comply with a series of AML/CFT, risk management, disclosure requirements, and audit and fit and proper requirements. The Monetary Authority will make further consultations on the detailed regulatory requirements of the regime in due course. In addition, the Ordinance only allows designated licensed institutions to sell fiat stablecoins in Hong Kong, and only fiat stablecoins issued by licensed issuers can be sold to retail investors. To prevent fraud, only advertisements for licensed fiat stablecoin offerings are permitted at any time (including the six-month non-violation period).