Hong Kong Advances Cryptocurrency Regulation Amid Rising Fraud Cases

According to Odaily, Hong Kong Legislative Council member Ng Kit Chuang recently discussed the government's submission of the Stablecoin Ordinance Bill for its first and second readings. This bill aims to establish a regulatory framework for fiat-backed stablecoin issuers. Ng expressed optimism about the integration of the virtual and real economies through cryptocurrencies, highlighting the... source: https://www.binance.com/en/square/post/17985748476769?utm_source=BinanceNewsRSS