Hong Kong Tightens Grip on Crypto: New Stablecoin Regulations to Set Global Precedent?

Amid the continued growth of cryptocurrencies, Hong Kong is now taking notable strides towards establishing a comprehensive regulatory environment for stablecoins. The Financial Services and the Treasury Bureau (FSTB) of Hong Kong announced imminent plans earlier today to publish the results of its extensive consultation on stablecoin regulation. This consultation, which initially took place in

Source: Bitcoinist