The Half Mountain KOL Club recommends this week's items✨#Issue 68 This week's recommended items: $ZORA, $BIO, $ALPHA. Today marks the tenth anniversary of Ethereum. The previously launched "The Torch" NFT has officially been destroyed today, symbolizing the contributions and legacy of the Ethereum community over the past decade. At the same time, all users can mint a commemorative NFT for free for a limited time, with minting ending at 24:00 (UTC+8) on July 31. Meanwhile, the Hong Kong Monetary Authority announced that the regulatory framework for stablecoin issuers will officially take effect on August 1, 2025, and has released several related documents, including the "Guidelines for Licensed Stablecoin Issuers," "Guidelines for Combating Money Laundering and Terrorist Financing (Applicable to Licensed Stablecoin Issuers)," "Summary of the Licensing Regime for Stablecoin Issuers," and "Summary of Transitional Provisions for Existing Stablecoin Issuers." The Monetary Authority pointed out that after the system comes into effect, market participants must fully comply with the "Stablecoin Ordinance" and various guideline requirements. The Monetary Authority encourages institutions wishing to apply for a license to proactively contact the regulatory body by August 31 and suggests that well-prepared applicants submit their applications by September 30 at the latest. The Monetary Authority reminds that no stablecoin issuer licenses have been issued yet, and the public should remain vigilant about any projects claiming to be regulated or in the application process. Additionally, Councilor Ng Kit Cheung responded to market concerns regarding the "real-name verification of stablecoin holders" by stating that the Monetary Authority does plan to introduce KYC regulations for stablecoins, but the specific implementation method is still in the design stage, and real-name systems are not the only option. Stablecoin issuers must submit specific compliance plans to the Monetary Authority, which must be reviewed and approved before implementation. Ng also pointed out that compared to cash transactions, the regulatory requirements for identity verification and anti-money laundering for stablecoins will be stricter. #cryptocurrency #memecoin #BTC #ETH #Solana #SocialFi #DeSci
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