Interpretation: In Hong Kong, if you actively advertise to the public that you are or appear to be selling stablecoins, you also need to apply for a license

Planet Daily News: Hong Kong's stablecoin regulations only permit designated licensed institutions to sell fiat stablecoins in Hong Kong, and only fiat stablecoins issued by licensed issuers can be sold to retail investors. In addition to the above circumstances, there is another situation of "active promotion," which means that even if not directly engaged in regulated stablecoin activities, if one actively promotes to the public that they are or seem to be conducting such activities in Hong Kong or other regions, they will still need to apply for a license. (Daily Economic News)