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Hong Kong Blockchain Stablecoins

Latham & Watkins LLP

Hong Kong Concludes Consultation on Proposed Approach to Stablecoin Legislation

Latham & Watkins LLP on

The government will enact the new legislation to bring issuers of fiat-referencing stablecoins into the regulatory perimeter. On 17 July 2024, the Financial Services and the Treasury Bureau and the Hong Kong Monetary...more

BakerHostetler

Weekly Blockchain Blog - July 2024 #3

BakerHostetler on

Stablecoin Demand Increases with Initiatives Announced in Germany, Hong Kong - Recent reports highlight an increasing demand for stablecoins. According to one report, the market cap of the PYUSD stablecoin recently...more

Dechert LLP

Proposed Hong Kong Stablecoin Licensing Regime

Dechert LLP on

The Hong Kong Monetary Authority (HKMA) on 12 January 2022 issued a discussion paper on Crypto-assets and Stablecoins. The HKMA received over 50 responses from the public and issued its "Conclusion on Discussion Paper on...more

BakerHostetler

White House Issues Statement on Crypto; Bitcoin ETF Rejected; OFAC Sanctions Public Keys; Regulators Address Digital Assets;...

BakerHostetler on

White House Addresses Crypto Risks; Blockchain Firm Wins Air Force Contract - The White House issued a statement last week briefly outlining the Biden administration’s road map to mitigate the risks of cryptocurrencies,...more

Latham & Watkins LLP

Hong Kong Monetary Authority Consults on Stablecoin Regulation

Latham & Watkins LLP on

The HKMA’s discussion paper seeks feedback on its proposed regulatory approach to stablecoins, with responses due by 31 March 2022. On 12 January 2022, the Hong Kong Monetary Authority (HKMA), Hong Kong’s principal...more

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