Hong Kong’s move to regulate
stablecoin issuers signals a significant shift in its financial oversight
landscape. By implementing a robust framework, the city aims to safeguard
monetary and financial stability amid the rapid rise of virtual assets (VAs).The Financial Services and the Treasury Bureau (FSTB) and
the Hong Kong Monetary Authority (HKMA) have released consultation conclusions
for a new regulatory regime targeting fiat-referenced stablecoin (FRS) issuers…
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