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Hong Kong's New Crypto Regulation: Will It Attract the Industry? - Ep. 505
Unchained
Stablecoin Regulation in Hong Kong
The HKMA has already announced that they will put out consultation for the regulation of stablecoins. They've already soft consulted a number of stablecoin issuers, some of which are very interested,. Some of them have already indicated they will not be licensed or they will not seek licensing and will prefer to be outside of it. And even though there has been a clear regulatory path for digital assets, crypto people are very, shall we say, conservative in terms of security. There are worries by certain crypto providers that their safety may be threatened here.
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