Hong Kong to increase digital asset regulation in next 18 months, with focus on stablecoins

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The post Hong Kong to increase digital asset regulation in next 18 months, with focus on stablecoins appeared first on CoinGeek.

Hong Kong has been working on stablecoin regulations for the past few years.

The Hong Kong Monetary Authority (HKMA)—the jurisdiction’s central banking institution—first issued a related discussion paper in 2022.

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Article Details

Author / Journalist: James Field

Category: Crypto

Markets: CanadaHong Kong

Topics: David Chiu USDT Business Tether USDC Regulation Stablecoins Circle Hong Kong Monetary Authority Sandbox Paul Chan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 05:00:15 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 734 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 22074220

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