Hong Kong eyes Stablecoin Regulatory Regime by 2024

06/13 09:05

Hong Kong is moving forward with a regulatory framework for cryptocurrencies pegged to traditional financial assets, seeking public comments on stablecoins and planning to introduce a regulatory framework by the end of 2024. This development is a major milestone for the region, which has taken a welcoming stance towards crypto trading in contrast to mainland China where it is illegal.

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