With the growing market and rising role of stablecoins in the industry, FSTB and HKMA have
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With the growing market and rising role of stablecoins in the industry, FSTB and HKMA have published a consultation paper on regulating its issuers, especially FRS issuers in the light of implementing appropriate supervision to ensure financial stability in this area. The basis for this consultation paper was the „Discussion Paper on Crypto-assets and Stablecoins“ (see eventid=14353) from January 2022, international standards and the ...