📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Some OTC stores in Hong Kong received flyers stating "The Financial Management Authority reminds you": Buying and selling stablecoins, or engaging in regulated stablecoin activities without the relevant licenses, is illegal.
According to Techub News, some OTC stores for cryptocurrency in Hong Kong received flyers today printed with "The Financial Management Authority reminds you". It pointed out that the regulations on stablecoins will take effect on August 1. Anyone who trades specified stablecoins (including USDT) without obtaining the relevant license, or engages in regulated activities involving stablecoins, will be breaking the law. Offenders may face a fine of 5 million HKD and 7 years in prison. The letter also stated that no one, regardless of whether they have completed identification registration or are individual professional investors, is allowed to trade stablecoins; virtual money service providers displaying or providing stablecoin quotes to any person in any form will be breaking the law.
Techub News reminds that it is currently uncertain whether the flyer is officially issued by the Hong Kong Monetary Authority, and the full name of the Monetary Authority is not printed on the flyer. As of the time of writing, the Monetary Authority has not released an official statement.