Recently, the Hong Kong crypto scene has been buzzing with rumors like "USDT has been delisted" and "Stablecoins are about to fade away"... Honestly, most of these rumors are basically the opposite of the truth.

Let's start with the core point: it's not USDT that is being targeted, but those unlicensed, unregulated exchange booths. Since the new regulations were implemented in August, long-established currency exchange shops in Wan Chai and Tsim Sha Tsui have been left with no business. They might have been able to operate vaguely before, but now? With tighter supervision, there's no way out.

USDT itself hasn't been banned. The issuer's license is still under approval, but if you want to use it? Using a licensed platform is no problem. Private OTC exchanges carry risks—especially now, with coordinated regulation between Hong Kong and Mainland China, large transfers trying to "sneak through" are basically impossible.

But what’s truly worth paying attention to is another development. Hong Kong is planning to allow insurance companies to invest in crypto assets, and that’s the real signal. Think about it—what are insurance funds? They are the legitimate players in the financial system, not retail investors' gambling funds. Of course, there are investment limits—clear caps on investment amounts, with capital backing requirements. The core logic is: "You can invest, but absolutely cannot go all-in."

Currently, the regulatory openness covers mainstream categories like BTC, ETH, and stablecoins. Small altcoins are completely not on the approved list. Connecting these two points makes it clear: illegal underground practices are being shut down, while legitimate channels are gradually opening up to capital inflows. This isn’t hype or speculation; it’s a real industry rule restructuring.

The opportunity definitely exists. But whether you can seize it depends on whether you can break out of old routines and follow the compliant trend. Only then can you navigate the new landscape steadily.