Hong Kong Paves Way for Stablecoin Regulation with New Framework

Hong Kong’s Monetary Authority (HKMA) is taking decisive steps toward a stablecoin regulatory framework, according to reports from PANews. Deputy Chief Executive Chan Wai-man confirmed progress in establishing rules governing the issuance of these digital assets. The legislation, currently under review by the Legislative Council, aims to accelerate Hong Kong’s development of its cryptocurrency ecosystem. ]