Home
/ Insights
Crypto Newsfeed
Master
reply

Hong kong’s stablecoin regulation marks a pivotal step in financial innovation

Regulatory framework progresses: Hong Kong has officially published its stablecoin bill, indicating significant progress toward regulatory implementation. This move is aimed at safeguarding financial stability while fostering innovation in virtual assets, following consultations that allowed three stablecoin pilots.

Licensing mandates for issuers: Under the new legislation, issuing fiat-referenced stablecoins requires licensing from the HKMA. Public marketing of these tokens also demands a license, with stringent oversight and enforcement to manage risks. This ensures a well-regulated environment for Hong Kong’s stablecoin market.

This is community-generated content, not advice from ONUS.
1
heart
reply
share
 
send
ONUS
ONUS
Trusted by
4 Million +
Users
Sign up receive 10$
Trending coin
Top gainers
Price Prediction
How to buy
Research