{"id":19792,"date":"2025-10-03T10:50:20","date_gmt":"2025-10-03T03:50:20","guid":{"rendered":"https:\/\/nopphatnguoi.vn\/blog\/chau-a-siet-quy-dinh-stablecoin-sau-dong-thai-cua-my\/"},"modified":"2025-10-03T10:50:22","modified_gmt":"2025-10-03T03:50:22","slug":"chau-a-siet-quy-dinh-stablecoin-sau-dong-thai-cua-my","status":"publish","type":"post","link":"https:\/\/nopphatnguoi.vn\/blog\/chau-a-siet-quy-dinh-stablecoin-sau-dong-thai-cua-my\/","title":{"rendered":"Ch\u00e2u \u00c1 si\u1ebft quy \u0111\u1ecbnh stablecoin sau \u0111\u1ed9ng th\u00e1i c\u1ee7a M\u1ef9"},"content":{"rendered":"<div>\n<p>Ch&acirc;u &Aacute; &#273;ang t&iacute;ch c&#7921;c c&#7853;p nh&#7853;t c&aacute;c quy &#273;&#7883;nh li&ecirc;n quan &#273;&#7871;n stablecoin, m&#7897;t lo&#7841;i ti&#7873;n &#273;i&#7879;n t&#7917; &#273;&#432;&#7907;c thi&#7871;t k&#7871; &#273;&#7875; c&oacute; gi&aacute; tr&#7883; &#7893;n &#273;&#7883;nh, th&#432;&#7901;ng &#273;&#432;&#7907;c neo v&agrave;o m&#7897;t lo&#7841;i ti&#7873;n t&#7879; fiat c&#7909; th&#7875;. S&#7921; ph&aacute;t tri&#7875;n n&agrave;y di&#7877;n ra sau khi M&#7929; ban h&agrave;nh &#273;&#7841;o lu&#7853;t h&#432;&#7899;ng d&#7851;n vi&#7879;c ph&aacute;t h&agrave;nh v&agrave; giao d&#7883;ch c&aacute;c stablecoin c&oacute; gi&aacute; tr&#7883; neo theo &#273;&#7891;ng &#273;&ocirc; la M&#7929;.<\/p>\n<p>C&aacute;c qu&#7889;c gia ch&acirc;u &Aacute; nh&#432; H&agrave;n Qu&#7889;c, H&#7891;ng K&ocirc;ng, Th&aacute;i Lan v&agrave; Philippines &#273;ang m&#7903; &#273;&#432;&#7901;ng cho vi&#7879;c ph&aacute;t h&agrave;nh stablecoin neo gi&aacute; v&agrave;o c&aacute;c lo&#7841;i ti&#7873;n t&#7879; ch&acirc;u &Aacute;. &#272;&#7897;ng th&aacute;i n&agrave;y th&#7875; hi&#7879;n s&#7921; quan t&acirc;m ng&agrave;y c&agrave;ng t&#259;ng c&#7911;a c&aacute;c nh&agrave; ch&#7913;c tr&aacute;ch trong khu v&#7921;c &#273;&#7889;i v&#7899;i ti&#7873;m n&#259;ng c&#7911;a stablecoin trong vi&#7879;c t&#259;ng c&#432;&#7901;ng hi&#7879;u qu&#7843; v&agrave; &#7893;n &#273;&#7883;nh c&#7911;a h&#7879; th&#7889;ng t&agrave;i ch&iacute;nh.<\/p>\n<p>C&aacute;c c&ocirc;ng ty c&ocirc;ng ngh&#7879; l&#7899;n nh&#432; JD.com v&agrave; Ant Group c&#7911;a Trung Qu&#7889;c &#273;ang t&iacute;ch c&#7921;c n&#7897;p &#273;&#417;n xin ph&aacute;t h&agrave;nh stablecoin neo v&agrave;o &#273;&ocirc; la H&#7891;ng K&ocirc;ng. T&#7841;i H&agrave;n Qu&#7889;c, gi&aacute; c&#7893; phi&#7871;u c&#7911;a c&ocirc;ng ty c&ocirc;ng ngh&#7879; t&agrave;i ch&iacute;nh Kakaopay Corp. &#273;&atilde; t&#259;ng v&#7885;t khi nh&agrave; &#273;&#7847;u t&#432; k&#7923; v&#7885;ng r&#7857;ng c&ocirc;ng ty n&agrave;y c&#361;ng s&#7869; tham gia v&agrave;o th&#7883; tr&#432;&#7901;ng stablecoin neo v&agrave;o &#273;&#7891;ng won.<\/p>\n<p>Ngay c&#7843; &#7903; Trung Qu&#7889;c, n&#417;i &#273;&atilde; &aacute;p &#273;&#7863;t l&#7879;nh c&#7845;m ti&#7873;n m&atilde; h&oacute;a trong nhi&#7873;u n&#259;m, gi&#7899;i ch&#7913;c tr&aacute;ch d&#432;&#7901;ng nh&#432; c&#361;ng &#273;ang d&#7847;n ch&#7845;p nh&#7853;n kh&aacute;i ni&#7879;m v&#7873; c&aacute;c &#273;&#7891;ng ti&#7873;n &#273;i&#7879;n t&#7917; &#273;&oacute;ng vai tr&ograve; thay th&#7871; &#273;&#7891;ng nh&acirc;n d&acirc;n t&#7879;. B&#7897; T&agrave;i ch&iacute;nh Th&aacute;i Lan &#273;&atilde; &#273;&#7873; xu&#7845;t ph&aacute;t h&agrave;nh stablecoin neo gi&aacute; v&agrave;o &#273;&#7891;ng baht &#273;&#432;&#7907;c h&#7895; tr&#7907; b&#7903;i 10 t&#7881; baht tr&aacute;i phi&#7871;u ch&iacute;nh ph&#7911;.<\/p>\n<p>&#7910;y ban Ch&#7913;ng kho&aacute;n v&agrave; s&agrave;n giao d&#7883;ch Th&aacute;i Lan (SEC) &#273;&atilde; ph&ecirc; duy&#7879;t giao d&#7883;ch hai stablecoin USDT v&agrave; USDC tr&ecirc;n c&aacute;c s&agrave;n ti&#7873;n s&#7889; &#273;&#432;&#7907;c qu&#7843;n l&yacute;. Ng&acirc;n h&agrave;ng trung &#432;&#417;ng Philippines (BSP) &#273;&atilde; ph&ecirc; duy&#7879;t cho Coins.ph, m&#7897;t nh&agrave; cung c&#7845;p d&#7883;ch v&#7909; t&agrave;i s&#7843;n s&#7889; th&#7917; nghi&#7879;m stablecoin neo gi&aacute; v&agrave;o &#273;&#7891;ng peso.<\/p>\n<p>N&#7895;i lo s&#7907; v&#7873; d&ograve;ng v&#7889;n th&aacute;o ch&#7841;y th&ocirc;ng qua c&aacute;c giao d&#7883;ch stablecoin d&#7921;a v&agrave;o &#273;&ocirc; la M&#7929; &#273;ang bao tr&ugrave;m kh&#7855;p ch&acirc;u &Aacute;. Tuy nhi&ecirc;n, c&aacute;c chuy&ecirc;n gia cho r&#7857;ng stablecoin c&oacute; th&#7875; c&#7843;i thi&#7879;n c&aacute;c giao d&#7883;ch ch&ecirc;nh l&#7879;ch gi&aacute; gi&#7919;a c&aacute;c &#273;&#7883;a &#273;i&#7875;m ho&#7863;c gi&#7919;a c&aacute;c th&#7883; tr&#432;&#7901;ng m&agrave; kh&ocirc;ng b&#7883; r&agrave;ng bu&#7897;c b&#7903;i gi&#7901; giao d&#7883;ch ngo&#7841;i h&#7889;i. Stablecoin n&#7897;i &#273;&#7883;a c&oacute; ti&#7873;m n&#259;ng &#7913;ng d&#7909;ng th&#7921;c t&#7871;, &#273;&#7863;c bi&#7879;t l&agrave; &#273;&#7875; t&#7841;o &#273;i&#7873;u ki&#7879;n cho thanh kho&#7843;n v&agrave;o cu&#7889;i tu&#7847;n v&agrave; l&#432;u chuy&#7875;n v&#7889;n tr&#417;n tru h&#417;n.<\/p>\n<p>H&#7891;ng K&ocirc;ng &#273;&atilde; nhanh ch&oacute;ng tr&#7903; th&agrave;nh n&#417;i th&iacute; nghi&#7879;m stablecoin c&#7911;a khu v&#7921;c. Khung ph&aacute;p l&yacute; c&#7845;p ph&eacute;p stablecoin ch&iacute;nh th&#7913;c c&oacute; hi&#7879;u l&#7921;c &#7903; &#273;&#7863;c khu n&agrave;y v&agrave;o ng&agrave;y 1-8. C&#417; quan Ti&#7873;n t&#7879; H&#7891;ng K&ocirc;ng (HKMA) &#273;&#7863;c bi&#7879;t t&#7853;p trung v&agrave;o c&aacute;c tr&#432;&#7901;ng h&#7907;p s&#7917; d&#7909;ng kh&#7843; thi v&agrave; thi&#7871;t th&#7921;c c&#7911;a stablecoin.<\/p>\n<p>Nhi&#7873;u &#273;&#417;n v&#7883; ph&aacute;t h&agrave;nh quan t&acirc;m &#273;&#7871;n vi&#7879;c ph&aacute;t h&agrave;nh stablecoin &#273;&#432;&#7907;c h&#7895; tr&#7907; b&#7903;i &#273;&#7891;ng nh&acirc;n d&acirc;n t&#7879; &#7903; H&#7891;ng K&ocirc;ng l&agrave; c&aacute;c c&ocirc;ng ty giao d&#7883;ch v&agrave; thanh to&aacute;n &#273;ang s&#7917; d&#7909;ng &#273;&#7891;ng nh&acirc;n d&acirc;n t&#7879; trong thanh to&aacute;n xuy&ecirc;n bi&ecirc;n gi&#7899;i. Trung Qu&#7889;c d&#432;&#7901;ng nh&#432; &#273;ang d&#7847;n &#273;&oacute;n nh&#7853;n c&ocirc;ng ngh&#7879; blockchain nh&#432; m&#7897;t c&ocirc;ng c&#7909; t&agrave;i ch&iacute;nh.<\/p>\n<p>Xem th&ecirc;m: https:\/\/www.coindesk.com\/markets\/2023\/08\/01\/hong-kong-stablecoin-rules-digital-assets.html<\/p>\n<p>Chi ti&#7871;t v&#7873; stablecoin v&agrave; vi&#7879;c ph&aacute;t h&agrave;nh stablecoin t&#7841;i Ch&acirc;u &Aacute; c&oacute; th&#7875; tham kh&#7843;o th&ecirc;m t&#7841;i: https:\/\/asia.nikkei.com\/Business\/Finance\/Hong-Kong-to-allow-stablecoin-pilots-in-hong-kong-financial-sector<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>C\u00e1c trung t\u00e2m t\u00e0i ch\u00ednh ch\u00e2u \u00c1 c\u1eadp nh\u1eadt quy \u0111\u1ecbnh stablecoin sau \u0111\u1ea1o lu\u1eadt M\u1ef9. Nhi\u1ec1u n\u01b0\u1edbc m\u1edf \u0111\u01b0\u1eddng cho stablecoin neo gi\u00e1 ti\u1ec1n t\u1ec7 ch\u00e2u \u00c1, c\u00f4ng ty c\u00f4ng ngh\u1ec7 n\u1ed9p \u0111\u01a1n ph\u00e1t h\u00e0nh stablecoin neo \u0111\u1ed3ng \u0111\u00f4 la H\u1ed3ng K\u00f4ng v\u00e0 won H\u00e0n Qu\u1ed1c. Ph\u00e1t h\u00e0nh stablecoin n\u1ed9i t\u1ec7 c\u00f3 th\u1ec3 g\u00e2y kh\u00f3 ki\u1ec3m so\u00e1t d\u00f2ng v\u1ed1n v\u00e0 \u1ea3nh h\u01b0\u1edfng ch\u00ednh s\u00e1ch t\u00e0i ch\u00ednh, ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ch\u00e2u \u00c1 c\u1ea7n b\u1ea3o v\u1ec7 ch\u1ee7 quy\u1ec1n t\u00e0i ch\u00ednh.<\/p>\n","protected":false},"author":1,"featured_media":19793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[3],"tags":[15451,15452,15450,5351,539,15449],"class_list":["post-19792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-thoi-su","tag-chinh-sach-tai-chinh","tag-chu-quyen-tai-chinh","tag-dao-luat-my","tag-ngan-hang-trung-uong","tag-stablecoin","tag-tai-chinh-chau-a"],"_links":{"self":[{"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/posts\/19792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/comments?post=19792"}],"version-history":[{"count":0,"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/posts\/19792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/media\/19793"}],"wp:attachment":[{"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/media?parent=19792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/categories?post=19792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nopphatnguoi.vn\/blog\/wp-json\/wp\/v2\/tags?post=19792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}