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Finance · Hong KongThe Hong Kong Monetary Authority (HKMA) released guidelines on Tuesday for stablecoin issuers wanting to comply with its upcoming licensing regime for the sector.The final guidance covered rules on money laundering, reserve assets management and issuance. It also included transitional measures for issuers of existing stablecoins. Stablecoins are digital assets that are pegged to other assets like fiat currency.HKMA's stablecoin regime is set to …See the Story
Hong Kong Releases Guidance on Rules for Stablecoin Issuers
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Fiat · Hong KongHong Kong's rules for stablecoin issuers took effect on Friday as the government pursues its ambitions for the crypto sector.The special administrative region of China has taken steps in recent years to strengthen its position in the industry en route to realising its goal of becoming a hub for crypto and Web3 in Southeast Asia. It established a regulatory framework for crypto exchanges more than two years ago, and started consulting on stableco…See the Story
Hong Kong's Stablecoin Rules Kick In as It Looks to Establish Its Crypto Credentials
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