Nation
Hong Kong's Game-Changing Stablecoins Bill: What You Need to Know
2025-05-22
Author: Lok
A New Era for Digital Currency in Hong Kong
On December 6, 2024, Hong Kong took a bold step forward by unveiling the Stablecoins Bill, designed to create a rigorous licensing and regulatory framework for specific stablecoins. This move comes on the heels of a consultation report released by the Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau on July 17, 2024.
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