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Cryptopolitan 2023-12-27 09:46:40

Hong Kong proposes licensing for fiat-referenced stablecoins

The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) have released a consultation paper outlining their proposal to accept and regulate fiat-referenced stablecoins (FRS) within the region. This significant development aims to provide a regulatory framework for stablecoin issuers while mitigating associated risks. The consultation period is set to

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