Browsing: fiat-collateralized stablecoins
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The Hong Kong Stablecoin Oversight and Adjudication Office has stated that only fiat-collateralized stablecoins backed by legal tender will be permitted. This announcement clarifies the regulatory framework surrounding stablecoins within the region. The office emphasizes…
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…