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Cryptopolitan
2023-12-30 22:43:23

Hong Kong tightens rules for stablecoins, aims for hub status

Hong Kong tightens rules for stablecoins, aims for hub status

In a significant move to position itself as a leading virtual asset hub, Hong Kong has introduced stringent regulations for stablecoins. This development presents a challenging landscape for popular stablecoins such as Tether (USDT) and USD Coin (USDC), as the new regulatory framework is considered more rigorous than Singapore’s. Hong Kong’s stringent regulatory approach According

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