According to official statements, the Hong Kong Monetary Authority hopes to use the "sandbox" to communicate regulatory expectations to institutions interested in issuing fiat currency stablecoins in Hong Kong and collect participants' opinions on the proposed regulatory requirements.
JinseFinanceAt the beginning of 2024, a "war" in the digital economy has quietly begun.
JinseFinanceIn 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.
AlexPrior to this consultation, the HKMA had issued a Discussion Paper on Crypto-assets and Stablecoins in January 2022, inviting feedback from various stakeholders.
DavinThe Hong Kong government has recognized the dual nature of Crypto assets: strong innovation potential and market challenges posed by volatility
JinseFinanceHong Kong proposes a regulatory framework for fiat-referenced stablecoins, requiring issuers to obtain a local license.
AlexLicensed platforms in Hong Kong are currently limited to facilitating the trading of Bitcoin (BTC) and Ethereum (ETH).
Davin周二(7月4日)，加密货币和区块链倡导者们撰写了一份报告，呼吁香港特别行政区政府发行一个与港币挂钩的稳定币，这可能会对泰达币（Tether）和美元硬币（USD Coin）的主导地位构成挑战。
fx168newsCanadian oil and gas miner Bengal Energy is set to begin its trial project of accessing formerly “stranded” gas wells with portable Bitcoin mining rigs.
Cointelegraph