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News Explorer — Hong Kong Tightens Oversight With New Stablecoin Licensing Regime

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Aug 1, 5:03 am
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Hong Kong Tightens Oversight With New Stablecoin Licensing Regime

Hong Kong has implemented a licensing regime for stablecoins, requiring companies to obtain a license from the Hong Kong Monetary Authority to issue stablecoins to retail investors. The new law includes compliance areas such as reserve asset management, anti-money laundering protocols, and fit-and-proper tests for operators.

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