Hong Kong to Require Licenses for Stablecoin Issuers

Hong Kong is reportedly planning to implement a new regulation requiring all stablecoin issuers to secure pertinent licenses. The proposal will push issuers to obtain a Hong Kong Monetary Authority (HKMA) permit for all active stablecoins. CoinTelegraph reported that Hong Kong is planning to accept and regulate fiat-referenced stablecoins (FRS). However, issuers must get specific licenses in the country. The proposal is said to be one of the main topics in a new consultation paper that was published on Wednesday, Dec. 27, by the HKMA, the Financial Services, and the Treasury Bureau...

source: https://tokenpost.com/Hong-Kong-to-Require-Licenses-for-Stablecoin-Issuers-10976

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.

Published by: Book Club