According to Odaily, the Hong Kong Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) have recently released a consultation summary on legislative proposals for regulating stablecoin issuers in Hong Kong. The summary incorporates two recommendations from CertiK, aimed at enhancing risk management and user protection.

The FSTB and HKMA emphasized the importance of a robust regulatory environment in the consultation summary and plan to refine the legislative draft based on public feedback. CertiK's recommendations focus on private key storage and incident management, intending to bolster user protection and risk management. Both Secretary for Financial Services and the Treasury Christopher Hui and HKMA Chief Executive Eddie Yue stated that these measures will contribute to the sustainable development of Hong Kong's stablecoin ecosystem.