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Hong Kong regulator plans licensing regime for stablecoin firms

Under the proposed regime, issuers of stablecoins that track fiat currencies in the city will need to obtain a licence from the Hong Kong Monetary Authority (HKMA).

To ensure stablecoins are fully backed, issuers will also need to publish monthly attestations on reserve assets conducted by a third-party auditor.

This is community-generated content, not advice from ONUS.
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