Hong Kong Financial Services and the Treasury Bureau: Strive to submit the legal currency stablecoin regulation draft to the Legislative Council for
On July 19th, Hong Kong Financial and Treasury Bureau Deputy Director Chen Haolian stated at a meeting of the Legislative Council Web3 and Virtual Asset Development Subcommittee that the authorities are currently drafting the second version of the regulation on the supervision of issuers of stablecoins in Hong Kong. They aim to submit the draft to the Legislative Council for review by the end of this year.
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