Hong Kong’s stablecoin law to take effect in August, building on virtual asset licensing

Hong Kong’s stablecoin law to take effect in August, building on virtual asset licensing

Hong Kong’s new stablecoin ordinance, which requires issuers of assets backed by fiat currency to be licensed, is set to take effect on August 1, according to a government announcement on Friday. The city’s Legislative Council passed the bill regulating stablecoins – a type of cryptocurrency backed by a reference asset, usually fiat currencies such…

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Hong Kong Official Outlines Vision for Virtual Asset Development

Hong Kong Official Outlines Vision for Virtual Asset Development

Christopher Hui outlines Hong Kong’s vision for virtual asset development, emphasising security, innovation, and a multi-pronged strategy for growth. Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation. Select More Information below to view our subscription packages or you can email us…

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