Hong Kong’s Stablecoin Bill Passed to Strengthen Virtual Asset Regulations

The Legislative Council of Hong Kong has enacted the Stablecoins Bill, which will govern fiat-referenced stablecoins (FRS). Under this legislation, issuers of virtual asset (VA) products will be required to apply for licenses to help tighten regulations in Hong Kong. The bill aims to boost financial stability and encourage new ideas in the virtual asset […] The post Hong Kong’s Stablecoin Bill Passed to Strengthen Virtual Asset Regulations appeared first on Coin Edition.