Stablecoin Bill Takes Effect | Crypto

Hong Kong has brought its Stablecoin Bill into force, establishing a licensing regime that compels issuers of HKD-, CNY- or other fiat-pegged tokens to maintain segregated reserves, meet AML and audit duties, and assure par redemption, potentially challenging USD dominance in Asian settlement. The post Hong Kong’s Stablecoin Bill Takes Effect, Licensing Regime Now in Force appeared first on Cryptonews.