Hong Kong begins discussions to introduce stablecoin regulatory framework -Breaking
[ad_1]
Hong Kong Monetary Authority (HKMA), Hong Kong’s central banks institution released a questionnaire asking for public opinions on crypto-assets regulations and stablecoins. This state-backed regulator plans to create a regulatory framework between 2023-24.
HKMA’s “Discussion Paper on Crypto-assets and Stablecoins” highlights the explosive growth of the stablecoin market in terms of market capitalization since 2020 and the concurrent regulatory recommendations put forth by international regulators including the United States’ Financial Action Task Force (FATF), the Financial Stability Board (FSB) and The Basel Committee on Banking Supervision (BCBS).
Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.
[ad_2]