The Hong Kong Legislative Council plans to review stablecoin consultation and sandbox legislation by the end of this year or next year
2024-03-28 08:12:39
According to Hong Kong Legislative Council member Wu Jiezhuang, there will be stablecoin consultation and sandbox (computer security mechanism) in Hong Kong, which can enable the industry to innovate digital asset projects in a sandbox environment. The relevant legislation will be reviewed in the Legislative Council at the end of this year or next year, which will help the entire digital asset industry ecosystem. Hong Kong has been improving the digital asset (virtual asset) market at different legal levels. Last year, there were regulations and licensing systems for virtual currency trading platforms.
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