Fresh news from Hong Kong! 🌟 The stablecoin bill is moving forward in the Legislative Council, bringing the region closer to a comprehensive regulatory regime.

- The law requires stablecoin issuers to obtain a license from the HKMA, ensuring consumer protection.

- Only regulated entities will be able to offer stablecoins to the public.

- Could Hong Kong follow in the footsteps of Europe and its MiCA regulation?

What do you think of these regulations? Leave us your comments!