According to ChainCatcher, citing Techub, on the first day of the official implementation of Hong Kong's stablecoin regulations, some cryptocurrency OTC offline stores, including One Satoshi, temporarily suspended operations due to concerns about potential regulatory violations.
However, some OTC offline stores chose to continue operating. Some store operators who decided to continue business believe that OTC activities involving stablecoins issued overseas (such as USDT) are not within the scope of the regulation. Based on the spirit of Hong Kong's common law, if there is no clear precedent determining that stablecoin OTC activities are illegal, such business may still be able to continue operating.
