Summary
- The Hong Kong government is expected to complete the legislation related to stablecoins soon.
- The new regulation will introduce a licensing system for over-the-counter trading and custody.
- Staking services for approved spot Exchange Traded Funds (ETFs) will also be reviewed.
Hong Kong, aspiring to be a virtual asset (cryptocurrency) hub, is expected to introduce legislation related to stablecoins.
According to WuBlockchain on the 7th (local time), the Hong Kong government is set to complete the legislation on stablecoins soon.
The new regulatory framework includes the introduction of a licensing system for over-the-counter trading and custody.
Additionally, staking services will be reviewed for approved spot Exchange Traded Funds (ETFs).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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