ethann5nyne
@ethann5nyne
If the bill is signed into law, stablecoin issuers in Hong Kong will be mandated to obtain a license from Hong Kong’s central bank. Issuers must meet the Hong Kong Monetary Authority’s requirements to obtain the license. Before approving licenses, the regulator would evaluate the stablecoin, its issuer, controllers, reserve assets and mechanisms for stabilizing its value.
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