🚀 Hong Kong is stepping up its crypto game! The proposed Stablecoins Bill has entered the Legislative Council, inching closer to becoming law. 📜

- The bill needs three readings, a bit like a trilogy, before the Chief Executive can give it the final nod.

- Key features? Licensing for stablecoin issuers, marketing restrictions, and consumer protection.

- Think MiCA in Europe: Hong Kong could see a stablecoin shake-up once the bill is enacted.

What do you think? Will Hong Kong become the new crypto hub? Share your thoughts below!