Hong Kong Government Seeks Public Input on Legislation for Stablecoin Supervision

Source: Pexels The Financial Services and the Treasury Bureau (FSTB), and the Hong Kong Monetary Authority (HKMA) have jointly introduced a public consultation paper outlining a legislative proposal to regulate issuers of stablecoins. This move is prompted by the increasing prominence of stablecoins within the Web3 and virtual asset (VA) ecosystems, coupled with the growing The post Hong Kong Government Seeks Public Input on Legislation for Stablecoin Supervision appeared first on Cryptonews .