今天，香港的立法委員會通過了菲亞特引用的斯塔布萊幣法案。

預計該立法將在今年晚些時候生效，並被視為香港渴望維護和提高其作為國際金融中心的地位的關鍵支柱。

Hong Kong's Legislative Council has passed the Stablecoin Bill, marking a significant step in the city-state's efforts to become a leading center for digital assets.

香港的立法委員會通過了《穩定法案》，這是該市國家努力成為數字資產領先中心的重要一步。

The legislation, which is expected to come into force later this year, introduces a comprehensive regulatory framework for fiat-referenced stablecoins, aiming to foster innovation while ensuring stability in the financial system.

預計將於今年晚些時候生效的該立法為菲亞特引用的Stablecoins提供了全面的監管框架，旨在促進創新，同時確保金融體系穩定。

Last year, the Hong Kong Monetary Authority (HKMA) launched a stablecoin sandbox to test new concepts and use cases for stablecoins. The sandbox, currently hosting three initiatives, has been closely followed by industry stakeholders.

去年，香港貨幣管理局（HKMA）推出了一個Stablecoin沙箱，以測試新的概念和用例使用stablecoins。目前主持三項計劃的沙箱緊隨其後的是行業利益相關者。

"The Ordinance has established a risk-based, pragmatic, and flexible regulatory regime," said Mr Eddie Yue, CEO of HKMA. "We believe that a robust and fit-for-purpose regulatory environment would provide favourable conditions to support the healthy, responsible, and sustainable development of Hong Kong's stablecoin and the broader digital asset ecosystem."

HKMA首席執行官Eddie Yue先生說：“該條例已經建立了一個基於風險的，務實和靈活的監管制度。” “我們認為，強大而合適的監管環境將提供有利的條件，以支持香港的Stablecoin和更廣泛的數字資產生態系統的健康，負責和可持續發展。”

One of the groups in the sandbox is a joint venture between Standard Chartered Bank Hong Kong, Hong Kong Telecom (HKT), and web3 firm Animoca Brands to launch a stablecoin.

沙盒中的一個集團是標準特許銀行香港，香港電信（HKT）和Web3公司Animoca品牌之間的合資企業，以推出Stablecoin。

Another sandbox member is JINGDONG Coinlink Technology, a subsidiary of China's e-commerce giant JD.com. The third member is RD Innotech, a startup whose backers include Zhong An Digital Asset Group (affiliated with digital bank ZA Bank) and regulated crypto exchange HashKey. Today ZA Bank welcomed the passage of the Bill and is positioning itself as providing reserve banking services. Standard Chartered already provides similar services to stablecoin issuers Paxos and StraitsX in Singapore.

另一個沙盒成員是Jingdong Coinlink Technology，這是中國電子商務巨頭JD.com的子公司。第三名成員是RD Innotech，這是一家初創公司，其支持者包括Zhong是數字資產集團（隸屬於Digital Bank ZA Bank）和監管加密貨幣交易所Hashkey。如今，Za Bank歡迎該法案通過，並將自己定位為提供儲備銀行服務。憲章的標準已經為新加坡的Stablecoin發行人Paxos和Straitsx提供了類似的服務。

While Hong Kong's draft bill, which totals 250 pages, does set a minimum capital requirement of HK$25 million and there are extensive penalties will be imposed on an unregulated entity that markets a stablecoin, it delegates important rulemaking to the Hong Kong Monetary Authority.

雖然總計250頁的香港法案確實設定了2500萬港元的最低資本要求，並且將對一個不受監管的實體處以廣泛的罰款，該實體銷售stablecoin，但它將重要的規則授權授予香港貨幣當局。

Hence, some of the legal requirements are relatively loose, such as requiring the reserve assets that back a stablecoin to be in the same currency and "of high quality and high liquidity with minimal investment risks." That contrasts with regulations and proposals in other regions which are more prescriptive regarding reserves. That will likely be added when the HKMA formulates rules.

因此，某些法律要求相對較寬，例如要求將穩定的儲備金的儲備資產與貨幣相同，並且“高質量和高流動性具有最低的投資風險”。這與其他地區的法規和建議形成對比，這些法規和建議對儲備更具規定性。當HKMA制定規則時，這可能會添加。

Issuers must be regulated if they issue a HKD stablecoin, if they are based in Hong Kong or if they market to Hong Kong consumers.

如果發行人簽發HKD Stablecoin，如果他們位於香港或向香港消費者推銷，則必須受到監管。

Meanwhile, stablecoin legislation in the United States is progressing with the GENIUS Act passing a procedural vote on Monday.

同時，隨著《天才法》在周一通過程序投票，美國的Stablecoin立法正在進行中。