Posted 2/21/2024, 12:43:00 PM
Hong Kong Seeks New Crypto Bills to Regulate Stablecoins and OTC Trading
- Hong Kong government looking to introduce new bills for regulating stablecoin issuers and crypto over-the-counter (OTC) services
- Follows December consultation on stablecoin regulation and recent consultation on licensing regime for OTC providers
- Aims to submit bills to Legislative Council "as soon as practicable"
- Part of broader effort by Hong Kong to regulate the crypto industry more sharply
- Actions come as many jurisdictions globally are looking to refine their crypto rules