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The Daily Hodl 2023-12-28 19:45:54

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 The post Hong Kong Financial Authorities Launch Public Consultation on Regulation of Stablecoins appeared first on The Daily Hodl .

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