Dec 28, 2023 03:42 AM
FINANCE
Hong Kong Mulls Licensing Regime for Stablecoin Issuance
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The Hong Kong Monetary Authority and the Financial Services and the Treasury Bureau Wednesday jointly published a consultation paper for a legislative proposal to regulate issuers of stablecoin
Hong Kong’s financial regulators are considering new legislation to control stablecoin issuance in the latest effort to develop a regulatory framework to service the city’s ambition to develop a digital-asset hub.
The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) Wednesday jointly published a consultation paper to gather public views on a legislative proposal to regulate issuers of stablecoin.
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