📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
Three major campaigns are launching simultaneously: Launchpool subscription, CandyDrop airdrop, and Alpha exclusive trading — don’t miss out!
🎨 Campaign 1: Post on Gate Square and win content rewards
📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
📌 How to participate:
Post original content (at least 100 words) on Gate Square related to
Hong Kong will criminalize the promotion of unlicensed stablecoins starting from August 1.
[Hong Kong will criminalize the promotion of unlicensed stablecoins starting August 1] Hong Kong will implement the "Stablecoin Regulation" starting August 1, which stipulates that providing or promoting unlicensed fiat-referenced stablecoins (FRS) to retail investors is illegal. The new law prescribes criminal penalties of up to a level 5 fine of 50,000 HKD (approximately 6,300 USD) and a maximum prison term of six months. The Chief Executive of the Hong Kong Monetary Authority, Eddie Yue, stated in a warning that the upcoming regulations aim to bring credibility and stability to the emerging stablecoin industry while protecting investors from fraud and excessive speculation.