NOT KNOWN DETAILS ABOUT STABLECOIN LEGISLATION

Although these provisions show up created to constrain the PFPSR’s discretion, as pointed out higher than it is actually unclear if the PFPSR could nonetheless deny an software based upon a typical locating that payment stablecoin actions are unsafe or unsound. gives that condition have faith in providers which might be stablecoin issuers is usu

during the proposal, the FSTB and HKMA reference responses from session individuals, sector developments, and Worldwide dialogue on stablecoins in its conclusion to "take forward the legislative proposal to implement a regulatory routine for issuers of fiat-referenced stablecoin (FRS) in Hong Kong." The reserve belongings, which incorporate income