今天，香港的立法委员会通过了菲亚特引用的斯塔布莱币法案。

预计该立法将在今年晚些时候生效，并被视为香港渴望维护和提高其作为国际金融中心的地位的关键支柱。

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.

香港的立法委员会通过了《稳定法案》，这是该市国家努力成为数字资产领先中心的重要一步。

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.

预计将于今年晚些时候生效的该立法为菲亚特引用的Stablecoins提供了全面的监管框架，旨在促进创新，同时确保金融体系稳定。

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，香港货币管理局（HKMA）推出了一个Stablecoin沙箱，以测试新的概念和用例使用stablecoins。目前主持三项计划的沙箱紧随其后的是行业利益相关者。

"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首席执行官Eddie Yue先生说：“该条例已经建立了一个基于风险的，务实和灵活的监管制度。” “我们认为，强大而合适的监管环境将提供有利的条件，以支持香港的Stablecoin和更广泛的数字资产生态系统的健康，负责和可持续发展。”

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.

沙盒中的一个集团是标准特许银行香港，香港电信（HKT）和Web3公司Animoca品牌之间的合资企业，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.

另一个沙盒成员是Jingdong Coinlink Technology，这是中国电子商务巨头JD.com的子公司。第三名成员是RD Innotech，这是一家初创公司，其支持者包括Zhong是数字资产集团（隶属于Digital Bank ZA Bank）和监管加密货币交易所Hashkey。如今，Za Bank欢迎该法案通过，并将自己定位为提供储备银行服务。宪章的标准已经为新加坡的Stablecoin发行人Paxos和Straitsx提供了类似的服务。

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.

虽然总计250页的香港法案确实设定了2500万港元的最低资本要求，并且将对一个不受监管的实体处以广泛的罚款，该实体销售stablecoin，但它将重要的规则授权授予香港货币当局。

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，某些法律要求相对较宽，例如要求将稳定的储备金的储备资产与货币相同，并且“高质量和高流动性具有最低的投资风险”。这与其他地区的法规和建议形成对比，这些法规和建议对储备更具规定性。当HKMA制定规则时，这可能会添加。

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.

如果发行人签发HKD Stablecoin，如果他们位于香港或向香港消费者推销，则必须受到监管。

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

同时，随着《天才法》在周一通过程序投票，美国的Stablecoin立法正在进行中。