Hong Kong to Implement Comprehensive Stablecoin Regulations for Enhanced Market Security

Hong Kong is taking significant strides towards regulating stablecoins in light of the expanding cryptocurrency landscape. The Financial Services and the Treasury Bureau (FSTB) has announced the impending publication of its extensive consultation results on stablecoin regulation. According to the FSTB, this consultation will lead to a legislative proposal intended to bring transparency and security

Source: CoinOtag