Hong Kong's financial regulators are considering 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.
Caixin
Hong Kong considers licensing regime for stablecoin issuance
Authorities seek public views on regulatory framework for cryptocurrencies
The Hong Kong Monetary Authority and the Financial Services and the Treasury Bureau jointly published a consultation paper for a legislative proposal to regulate issuers of stablecoin on Dec. 27.
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