Hong Kong FSTB and HKMA adopt proposals to enhance stablecoin regulation.
Hong Kong's FSTB and HKMA adopt proposals by CertiK and other orgs to enhance stablecoin regulation, addressing issues like incident management and key storage. The consultation period received 108 submissions. The authorities plan to finalize the legislative proposal based on the feedback and introduce a bill to strengthen Hong Kong's virtual asset regulatory framework and support the stablecoin ecosystem.
July 23, 2024
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