香港稳定币法案瞄准金融稳定和创新

香港推出《稳定币法案》来监管法币支持的稳定币发行人，确保虚拟资产的金融稳定性和透明度。

Hong Kong is taking a proactive approach to regulating virtual assets within its jurisdiction. In line with this effort, the Stablecoins Bill was presented for its second reading at a legislative council meeting on December 18. This bill aims to establish a legal framework for fiat-backed stablecoins.

香港正在采取积极主动的方式监管其管辖范围内的虚拟资产。为了配合这一努力，《稳定币法案》在 12 月 18 日的立法委员会会议上进行了二读。该法案旨在为法币支持的稳定币建立法律框架。

With the increasing popularity of blockchain technology and virtual assets, Hong Kong is making a concerted effort to enhance its legal and regulatory landscape in this domain. In a bid to foster a robust virtual asset ecosystem, the government introduced a licensing regime for virtual asset service providers two years ago. This regime ensures adherence to anti-money laundering (AML) and counter-terrorism financing regulations, with several trading platforms already licensed under this framework.

随着区块链技术和虚拟资产日益普及，香港正在齐心协力加强该领域的法律和监管环境。为了培育强大的虚拟资产生态系统，政府两年前推出了针对虚拟资产服务提供商的许可制度。该制度确保遵守反洗钱（AML）和反恐融资法规，多个交易平台已在此框架下获得许可。

Recognizing the significance of fiat currency-backed stablecoins in bridging the traditional and digital economies, the government has identified their potential to emerge as widely accepted payment instruments. However, to mitigate any risks to financial stability that may arise from insufficient oversight, the Stablecoins Bill serves as a crucial measure.

政府认识到法定货币支持的稳定币在连接传统经济和数字经济方面的重要性，并确定了其成为广泛接受的支付工具的潜力。然而，为了减轻监管不足可能带来的金融稳定风险，《稳定币法案》是一项关键措施。

The bill proposes a licensing regime for any individual or entity that provides or markets fiat-backed stablecoins within Hong Kong. This includes activities such as creating stablecoins pegged to the Hong Kong dollar or engaging in awareness campaigns among the general public.

该法案为在香港提供或销售法币支持的稳定币的任何个人或实体提出了许可制度。这包括创建与港元挂钩的稳定币或在公众中开展宣传活动等活动。

Crucially, stablecoin issuers will be required to maintain a strong reserve system, ensuring that the assets backing stablecoins are highly liquid and correspond to the volume of circulating stablecoins. Additionally, they must facilitate the conversion of stablecoins at face value within a reasonable timeframe and without excessive charges.

至关重要的是，稳定币发行人需要维持强大的储备体系，确保支持稳定币的资产具有高度流动性，并与稳定币的流通量相对应。此外，他们必须在合理的时间范围内促进稳定币按面值兑换，且不收取过高费用。

Hong Kong Stablecoin Bill Strikes a Balance between Innovation, Financial Stability

香港稳定币法案在创新与金融稳定之间取得平衡

It is worth noting that the bill also incorporates provisions related to AML, risk and transparency. In Hong Kong, only licensed persons, including authorized banks, virtual asset trading platforms and other licensed institutions, will be permitted to sell stablecoins, ensuring that only credible institutions participate in the market.

值得注意的是，该法案还纳入了与反洗钱、风险和透明度相关的条款。在香港，只有持牌人士，包括授权银行、虚拟资产交易平台和其他持牌机构，才允许出售稳定币，确保只有可信的机构参与市场。

To effectively carry out the bill's provisions, the Hong Kong Monetary Authority (HKMA) will be entrusted with supervisory and investigative responsibilities. This entails issuing regulations, supervising licensed issuers and investigating potential cases of non-compliance.

为有效执行该法案的规定，香港金融管理局（金管局）将承担监管和调查职责。这需要发布法规、监督持牌发行人并调查潜在的违规案例。

In line with Hong Kong's approach of "same business, same risks, same rules," the bill aims to categorize virtual assets as financial assets, reflecting the risks they pose. Throughout the previous year, extensive public consultations were conducted, revealing support for the proposed regime among the community.

根据香港“相同业务、相同风险、相同规则”的做法，该法案旨在将虚拟资产归类为金融资产，反映其带来的风险。在过去的一年里，我们进行了广泛的公众咨询，显示出社区对拟议制度的支持。

Ultimately, the Stablecoins Bill forms a pivotal step towards establishing a well-regulated and innovative virtual asset market within Hong Kong. It strives to strike a balance between fostering innovation and ensuring financial stability, ultimately protecting both investors and the broader financial system.

最终，《稳定币法案》为在香港建立监管良好和创新的虚拟资产市场迈出了关键一步。它致力于在促进创新和确保金融稳定之间取得平衡，最终保护投资者和更广泛的金融体系。