The government will enact the new legislation to bring issuers of fiat-referencing stablecoins into the regulatory perimeter. On 17 July 2024, the Financial Services and the Treasury Bureau and the Hong Kong Monetary...more
The Hong Kong Monetary Authority (HKMA) on 12 January 2022 issued a discussion paper on Crypto-assets and Stablecoins. The HKMA received over 50 responses from the public and issued its "Conclusion on Discussion Paper on...more
In January 2022, the Hong Kong Monetary Authority issued a Discussion Paper on Crypto-assets and Stablecoins, inviting industry comments on the regulatory approach of crypto-assets, in particular payment-related stablecoins....more