In order to maintain Hong Kong's status as an international financial center and promote the sustainable and responsible development of Hong Kong's virtual asset ecosystem, the Hong Kong government has decided to go hand in hand with stablecoins and endorse the issuance of stablecoins in a regulatory manner.
JinseFinanceHong Kong's rigorous stablecoin regulations challenge global digital currency norms, setting a new benchmark in virtual asset governance.
AlexSEBA received its in-principle approval in August, and has now received the full licence.
ClementThe tests are part of Project Mbridge, a CBDC network that the HKMA is testing with the People's Bank of China.
AlexA recent proposal put forward by academics aims to create a Hong Kong Dollar (HKD) stablecoin that would compete with popular USD-denominated stablecoins such as Tether (USDT) and Circle (USDC).
Coinlive After the successful launch of its new licensing regime for virtual asset service providers, Hong Kong regulators have their sights on stablecoins and tokenized securities.
BeincryptoCoinlive Coinlive The program is the first ever MSc in Blockchain Technology (MScBT) in Hong Kong.
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