The Hong Kong Stablecoin Review Tribunal has announced that it will permit only fiat-collateralized stablecoins for approval. Additionally, applicants must meet a capital requirement of 25 million Hong Kong dollars. This decision reflects the tribunal’s focus on ensuring stability and security within the digital currency framework. The move is part of the broader regulatory effort to manage the stablecoin market effectively. The tribunal aims to create a clear pathway for stablecoin issuers while maintaining strict financial standards.
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