PANews reported on June 8 that according to the Daily Economic News, the Hong Kong Stablecoin Ordinance only allows designated licensed institutions to sell legal currency stablecoins in Hong Kong, and only legal currency stablecoins issued by licensed issuers can be sold to retail investors. In addition to the above situation, there is another "active promotion" situation, that is, even if it is not directly engaged in regulated stablecoin activities, if it actively publicizes to the public in Hong Kong or other regions that it is or appears to be conducting such activities, it is also necessary to apply for a license.