According to Odaily, Hong Kong's Deputy Secretary for Financial Services and the Treasury, Joseph Chan Ho-lim, announced during a Legislative Council subcommittee meeting on Web3 and virtual asset development that the government is drafting the second version of regulations for stablecoin issuers. The aim is to submit the draft to the Legislative Council for review by the end of this year.
Hong Kong To Propose Stablecoin Regulation By Year-End
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