The latest announcement from the Hong Kong Monetary Authority: If the issuer of a stablecoin entrusts its reserve assets to a licensed bank in Hong Kong for safekeeping, users will be better protected when their business is blocked or goes bankrupt. At the same time, the HKMA is open to the storage of reserve assets in other regions, but it is necessary to prove the necessity and ensure that the risks are controllable. The issuer must comply with the redemption request within one working day after receiving it, and must report in advance if there is market pressure. What do you think of this new regulation? Let's talk about it in the comment section! 💬#Blockchain#Stablecoin #HKMA