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Bitcoin.com 2023-12-28 12:30:38

Hong Kong Regulators Unveil Public Consultation Paper on Stablecoin Regulation

Hong Kong Monetary Authority (HKMA) and Financial Services and the Treasury Bureau have released a public consultation paper to gather residents’ opinions on the proposed regulatory regime for stablecoin issuers. The HKMA also announced the introduction of a sandbox arrangement whose purpose will be to convey supervisory expectations and guidance on compliance to prospective stablecoin

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