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Hong Kong aims to approve stablecoin licenses within this year, and multiple stock interaction platforms respond to related layouts
Odaily News The concept of stablecoins has continued to be strong recently. On the news front, the Hong Kong Stablecoin Ordinance will take effect in August. The Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, Paul Hui, said on the 7th that the HKMA is currently consulting the market on the implementation of the guidelines for the regulations. The guidelines will be announced within this month, and the specific content will involve anti-money laundering and other related requirements. Paul Hui also stated that the number of stablecoin licenses issued will be in the single digits, and he hopes to receive applications after the regulations come into effect, with the goal of issuing licenses within this year. Tonight, many related concept stocks responded on the interactive platform, disclosing their relevant layout in stablecoins and virtual assets.
— Deep Technology: The company is not currently involved in stablecoin-related businesses;
—Guojin Securities: The companys subsidiary Guojin Securities Co., Ltd. is preparing to apply for a virtual asset-related trading license;
— Jihong Holdings: Currently, there is no plan to apply for a stablecoin license;
— Dongxin Heping: The company did not participate in the testing business of JD.com’s application for a stablecoin license in Hong Kong;
— Jihong Shares: There is currently no plan to apply for a stablecoin license. (Zhitong Finance)
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.
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