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Joint Consultation on the Proposal to Regulate Stablecoin Issuers

27 December 2023
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Joint Consultation on the Proposal to Regulate Stablecoin Issuers

The Hong Kong Monetary Authority (HKMA) and The Financial Services and the Treasury Bureau (FSTB) have published a joint consultation on the legislative proposal to regulate issuers of stablecoin.

The consultation paper provides information on the following areas:

  • Policy objectives and guiding principles of the proposed regulatory regime;
  • Regulatory framework for fiat-referenced stablecoin FRS issuers;
  • Custody and offering of FRS;
  • Supervisory powers of the HKMA;
  • Investigation powers of the HKMA; and
  • Offences and Sanctions.


Industry and public feedback is invited until 29th February 2024.

 
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