UThomas Daniels
Kwinyathelo elibalulekileyo lokomeleza ukulawulwa kokulawulwa kwemali yedijithali, iHong Kong iya kuqalisa ukunyanzelisa i-Stablecoin Ordinance yayo ngo-Agasti 1, okwenza kube lityala lolwaphulo-mthetho ukubonelela okanye ukubhengeza i-stablecoins engavumelekanga ye-fiat-referenced (FRS) kubatyalo-mali abathengisayo. Ukwaphulwa kuya kuthwala izohlwayo ukuya kuthi ga kwi-HK $ 50,000 (malunga ne-6,300 yeedola) kunye nesigwebo esikhulu sentolongo yeenyanga ezintandathu.
Ummiselo omtsha, owaziswa yi-Hong Kong Monetary Authority (HKMA), imele enye yezona nkqubo zingqongqo zomthetho we-stablecoin umsebenzi kwihlabathi jikelele. UMlawuli oyiNtloko we-HKMA u-Eddie Yue ugxininise ukuba umthetho ujolise ekubetheleleni ukuthembeka kwimarike ye-stablecoin esakhulayo kunye nokukhusela abatyali-mali abathengisayo ekugqithiseni okucingelwayo kunye nobuqhetseba obunokwenzeka.
IiMpawu zeHKMA eziNgqongileyo kwiMarike Hype
U-Yue wabonisa ukukhula "kwentengiso ye-euphoria" ejikeleze izibhengezo ezinxulumene ne-stablecoin, eziye zabangela i-spikes eqikelelwayo kumaxabiso esitokhwe kunye nemiqulu yokurhweba. "Kubonakala kuyimfuneko ukuqhubela phambili kwi-euphoria," watsho, ebhekisela kumatyala afana noGuotai Junan, ozabelo zakhe zinyuke nge-300% ngoJuni emva kokuba ilayisenisi yakhe yebhanki yandisiwe ukugubungela i-asethi yedijithali.
Ngokutsho kweBloomberg, malunga neenkampani ze-50 sele zifake izicelo zeelayisensi ze-stablecoin. Nangona kunjalo, uYue udize ukuba izindululo ezininzi azinazo izicwangciso ezibambekayo zokuphumeza kunye nezikhokelo zolawulo lomngcipheko ezaneleyo. “Bakwasilela ukuhlanganisa izicwangciso ezisebenzayo nezibambekayo kunye nokuphunyezwa kwemephu yendlela, singasathethi ke ngokubonisa ulwazi lwabo ngomngcipheko kunye nobuchule ekulawuleni,” utshilo.
U-Yue wongeze ukuba ngelixa abanye abafake izicelo bebonisa isithembiso, uninzi aluzilungiselelanga iimfuno zolawulo. Ngenxa yoko, i-HKMA iya kuvuma kuphela inani eliqingqiweyo lamaphepha-mvume kwisigaba sokuqala.
IiNdlela eziLawulayo kwihlabathi kwiNtengiso ye-Crypto
Indlela yomthetho yaseHong Kong ihambelana neenzame zamazwe ngamazwe ezibanzi zokulawula ukukhushulwa kwe-crypto. I-European Union's Markets kwi-Crypto-Assets Regulation (MiCA) iyakwenqabela ukukhuthazwa okungagunyaziswanga kwempahla yedijithali kwaye ibeka izohlwayo zemali ubuncinane kwi-5 yezigidi okanye i-3% ukuya kwi-12.5% yengeniso yonyaka yenkampani. Nangona kunjalo, ngokungafaniyo neHong Kong, iMiCA ayibandakanyi izigwebo zentolongo.
Ngokuchaseneyo, i-UK's Financial Conduct Authority (FCA) ijongene nemingeni yonyanzeliso. Ukususela ekuqaleni kwe-2024, kuphela malunga ne-50% yeentengiso ze-crypto ezingekho mthethweni ezikhutshweyo.
Ukuphunyezwa kwe-Hong Kong yezohlwayo zolwaphulo-mthetho kuyahlula njengenkokeli kulawulo lwe-asethi yedijithali, ebonisa injongo ecacileyo yokubeka phambili ukhuseleko lomtyali-mali ngelixa ngononophelo iqhubela phambili i-fintech innovation.
