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Hong Kong enacts strict new regulations for stablecoins to boost investor trust and digital asset growth.
Hong Kong has enacted a new law to regulate stablecoins, requiring issuers to obtain a license and meet strict reserve and capital requirements.
This move aims to boost investor trust and could spur growth in digital asset investments.
The ordinance also sets a precedent for virtual asset regulation, potentially influencing the adoption of stablecoins and the digital yuan in other parts of China.
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Hong Kong promulga nuevas regulaciones estrictas para las stablecoins para impulsar la confianza de los inversores y el crecimiento de los activos digitales.