Share this article

Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers

The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance.

Hong Kong harbor skyline view into Kowloon
The HKMA and FSTB are seeking feedback on proposals for regulating stablecoins. (Ruslan Bardash/Unsplash)