Stablecoin – Charm

Hong Kong Stablecoins Bill allows regulator to expand scope later – Ledger Insights

Cs news2 weeks ago05 mins

On Friday the Hong Kong government published its Stablecoins Bill in the Gazette, with plans for its first reading on December 18. The legislation covers fiat-referenced stablecoins. “We have undertaken extensive consultations and given due consideration to the views of the industry when formulating the details of the regulatory regime,” said Eddie Yue, CEO of…

Layer 1 Flare and Decentralized Cloud Firm Red Date Set to Trial Stablecoin Buying for Chinese Nationals in Hong Kong

Cs news2 months ago01 mins

“With Hong Kong on the cusp of announcing new stablecoin regulations allowing digital currencies on public blockchains, the introduction of this KYC solution trial gives Mainland Chinese residents their first opportunity to legally hold public chain wallets and transact with stablecoins, such as HKDA, a fiat-referenced Hong Kong Dollar stablecoin issued by IDA. This project…