Hong Kong Passes Landmark Stablecoin Bill Amid Global Regulatory Focus – Coincu
The post Hong Kong Passes Landmark Stablecoin Bill Amid Global Regulatory Focus – Coincu appeared on BitcoinEthereumNews.com. Key Points: Hong Kong passed a pioneering Stablecoin Bill with global industry impact. Shift could influence stablecoin markets and regulations worldwide. Circle’s IPO and U.S. GENIUS Act add to the momentum. Hong Kong’s legislature approved the Stablecoin Bill, introducing a regulatory framework for fiat-backed stablecoins. This move positions Hong Kong as a pioneer, creating a precedent for global regulation. Key industry players like CITIC Securities and Guotai Junan have responded with increased discussion on the stability these regulations may bring. The new framework mandates that stablecoin issuers obtain licenses from the Financial Management Commissioner, with expectations of bolstered investor confidence and market consistency. Ki Young Ju of CryptoQuant expressed concerns over potential pushback from entities involved in cross-border transfers, hinting at a possible shift toward more covert stablecoins if these laws become more pervasive. The approval of the Hong Kong Stablecoin Bill marks a historic regulatory move, drawing attention globally. Hong Kong passed a pioneering Stablecoin Bill with global industry impact. This shift could influence stablecoin markets and regulations worldwide. Circle’s IPO and U.S. GENIUS Act add to the momentum. Hong Kong Pioneers Stablecoin Regulation with New Bill The approval of the Hong Kong Stablecoin Bill marks a historic regulatory move, drawing attention globally. Hong Kong passed a pioneering Stablecoin Bill with global industry impact. This shift could influence stablecoin markets and regulations worldwide. Circle’s IPO and U.S. GENIUS Act add to the momentum. Ki Young Ju of CryptoQuant expressed concerns over potential pushback from entities involved in cross-border transfers, hinting at a possible shift toward more covert stablecoins if these laws become more pervasive. Ki Young Ju, Founder & CEO, CryptoQuant, “Those who use stablecoins for large international transfers may start looking for ‘dark stablecoins’ that can withstand censorship. […] USDT itself was once considered a censorship-resistant stablecoin, and…
The post Hong Kong Passes Landmark Stablecoin Bill Amid Global Regulatory Focus – Coincu appeared on BitcoinEthereumNews.com.
Key Points: Hong Kong passed a pioneering Stablecoin Bill with global industry impact. Shift could influence stablecoin markets and regulations worldwide. Circle’s IPO and U.S. GENIUS Act add to the momentum. Hong Kong’s legislature approved the Stablecoin Bill, introducing a regulatory framework for fiat-backed stablecoins. This move positions Hong Kong as a pioneer, creating a precedent for global regulation. Key industry players like CITIC Securities and Guotai Junan have responded with increased discussion on the stability these regulations may bring. The new framework mandates that stablecoin issuers obtain licenses from the Financial Management Commissioner, with expectations of bolstered investor confidence and market consistency. Ki Young Ju of CryptoQuant expressed concerns over potential pushback from entities involved in cross-border transfers, hinting at a possible shift toward more covert stablecoins if these laws become more pervasive. The approval of the Hong Kong Stablecoin Bill marks a historic regulatory move, drawing attention globally. Hong Kong passed a pioneering Stablecoin Bill with global industry impact. This shift could influence stablecoin markets and regulations worldwide. Circle’s IPO and U.S. GENIUS Act add to the momentum. Hong Kong Pioneers Stablecoin Regulation with New Bill The approval of the Hong Kong Stablecoin Bill marks a historic regulatory move, drawing attention globally. Hong Kong passed a pioneering Stablecoin Bill with global industry impact. This shift could influence stablecoin markets and regulations worldwide. Circle’s IPO and U.S. GENIUS Act add to the momentum. Ki Young Ju of CryptoQuant expressed concerns over potential pushback from entities involved in cross-border transfers, hinting at a possible shift toward more covert stablecoins if these laws become more pervasive. Ki Young Ju, Founder & CEO, CryptoQuant, “Those who use stablecoins for large international transfers may start looking for ‘dark stablecoins’ that can withstand censorship. […] USDT itself was once considered a censorship-resistant stablecoin, and…
What's Your Reaction?
