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Hong Kong’s financial regulators are considering legislation to control stablecoin issuance in the latest effort to develop a regulatory framework to service the city’s ambition to develop a digital-asset hub.
The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) late last month jointly published a consultation paper to gather public views on a legislative proposal to regulate issuers of stablecoins.
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