Hong Kong Financial Authorities Launch Public Consultation on Regulation of Stablecoins
Hong Kong is asking for the public’s opinion on a new legislative proposal to regulate stablecoins and the issuers of these fiat-backed crypto assets. On Wednesday, the city’s Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) jointly launched a public consultation paper to gather feedback on the government’s plan...