Hong Kong Legislator Criticizes Transparency Issues in HKMA’s Stablecoin Sandbox Initiative

Hong Kong’s legislative body expresses concerns about the transparency of the HKMA’s stablecoin sandbox initiative. Legislator Darwin Chiu demands clarity on the application process and the timeline for licensing. Treasury Bureau aims to finalize stablecoin regulatory proposals by year-end, aligning with international standards. Hong Kong’s stablecoin regulatory efforts encounter scrutiny over transparency, calling for clearer

Source: CoinOtag