Hong Kong government proposes licensing frameworks for stablecoins and crypto trading
In a move aimed at regulating the burgeoning cryptocurrency market, the Hong Kong government is progressing towards implementing licensing frameworks for stablecoin issuers and over-the-counter (OTC) crypto trading services. The initiative, spearheaded by Christopher Hui, Secretary for Financial Services and the Treasury, underscores the administration’s commitment to fostering a structured and secure environment for digital…