Hong Kong strengthens its position as a center for innovation in the field of cryptocurrencies and digital assets. The acting Secretary for Financial Services, Joseph Chan, announced measures aimed at improving regulation and creating conditions for the development of blockchain technologies. In 2023, a working group on the development of Web3 was established, and a draft law on stablecoins was published, requiring licensing from the Hong Kong Monetary Authority for issuers of these tokens. Hong Kong is actively developing a regulated environment to attract crypto companies.
12/16/2024 1:12:48 PM (GMT+1)
Hong Kong strengthens cryptocurrency regulation: introducing licensing for stablecoin issuers and creating a working group on the development of Web3 for sustainable growth of digital assets 📊
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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