Hong Kong to Regulate Retail Stablecoin Trading by 2024, Citing Risks
- Hong Kong official says retail stablecoin trading not yet allowed, projected by end of 2024
- Cites risks like volatility and reserve management affecting stablecoin price stability
- Notes stablecoin collapses and fraud cases show need for regulation
- Hong Kong recently allowed retail crypto trading after JPEX exchange scandal
- Hong Kong to introduce stablecoin guidelines by end of 2024
