RUMORED BUZZ ON STABLECOIN LEGISLATION

The HKMA expects for FRS people to acquire the ideal to redeem their FRS at par price While using the FRS issuer to have a claim within the reserve assets (or even the issuer In case the issuer is not able to meet up with redemption obligations). We summarise The real stablecoin news key licensing necessities as proposed and also the responses wit

Now the Treasury Office and also other agencies are going urgently on an Preliminary focus on for tighter regulation: a fast-developing solution identified as a stablecoin. The last place possible indicates that stablecoins pegged for the U.S. dollar would need to be redeemable in U.S. dollars, both straight or by way of deposits within the bank i