News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
High Threshold for Stablecoin Issuer Licenses Makes Large Issuance Unlikely in HK, Says Eddie Yue
Hong Kong's Stablecoins Ordinance will take effect on August 1. Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, noted that Hong Kong has set relatively strict s...
Reset
Send
The window will close in 5 seconds
High Threshold for Stablecoin Issuer Licenses Makes Large Issuance Unlikely in HK, Says Eddie Yue
Close
Recommend
6
Positive
21
Negative
7
 
SHORT SELL
 
STOCK INFO

Hong Kong's Stablecoins Ordinance will take effect on August 1. Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, noted that Hong Kong has set relatively strict standards for stablecoin issuers.

With a high entry threshold, Yue believes that Hong Kong won't issue a large number of licenses. In addition, licensed stablecoins will have various specific uses, such as facilitating cross-border trade.

Related NewsJPM Initiates Overweight Rating on ZA ONLINE with TP HKD26

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.