Hong Kong races ahead with new stablecoin regulatory framework

Hong Kong has moved closer to formalizing its stablecoin regulations by publishing a bill in its gazette on Dec. 6 that establishes a clear framework for issuers and marketers. Stablecoins have become useful tools for cross-border transactions, with Standard Chartered recently calling them the crypto industry’s “killer app.” Under the new bill, stablecoin issuers and […]