Hong Kong Announces Comprehensive Licensing Regime for Fiat-Pegged Stablecoins

The Hong Kong Monetary Authority (HKMA) and the Financial Services and Treasury Bureau (FSTB) have announced new regulations for fiat-pegged stablecoins. These regulations involve mandatory licensing for stablecoin issuers and full reserve backing to ensure stability and confidence in the ecosystem. This framework is part of Hong Kong’s ambition to become a leading hub for

Source: CoinOtag