Hong Kong invites stablecoin issuers for licensing as new regulations set to take effect. Hong Kong’s new stablecoin frameworkrequires these cryptocurrencies to be fully backed by high-quality, liquid assets.

Hong Kong invites stablecoin issuers for licensing as new regulations set to take effect. Hong Kong’s new stablecoin frameworkrequires these cryptocurrencies to be fully backed by high-quality, liquid assets.

Source: https://cryptoslate.com/hong-kong-says-no-stablecoin-licenses-issued-yet-warns-of-legal-risks-for-impostors/