Requiring foreign entities who have already issued stablecoins to set up a Hong Kong entity for issuing stablecoins might throw up complications.
Source
Related posts
-
Hong Kong CBDC Pilot Enters Phase 2 With New Firms to Advance Digital Currency Use Cases
The Hong Kong Monetary Authority (HKMA) has moved into... -
Stablecoins Will Drive Institutional Adoption in Asia: Chainalysis CEO
“The real volume of crypto is tied to countries like the U.S. and others,” Gronager said.... -
Stablecoins Are Becoming Systemically Important, Bernstein Says
Stablecoin supply is back to all-time highs with $170 billion in circulation, the report said. Source...