Stablecoin regulation is going global. Hong Kong just passed a major stablecoin bill 🇭🇰.

It sets up a licensing system for fiat-backed stablecoin issuers.

If you’re issuing an HKD-backed stablecoin, you’ll now need a license from the HKMA.

The new rules cover how reserves are managed, how redemptions work, and how risks are handled.

The goal is to protect users and build trust in HK.

Expect to come into effect near end of this year.


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