Chen Haolian: Strive to submit the draft regulation of fiat currency stablecoins to the Legislative Council for consideration by the end of this year
2024-07-19 05:13:20
19 News Hong Kong Finance Affairs and Finance Treasury Bureau Secretary Chen Haodesk3cryptocurrencydesktopCrypto News
On July 19, Hong Kong Deputy Secretary for Financial Services and the Treasury Chen Haolian said at the meeting of the Legislative Council Web3 and the Subcommittee on Virtual Asset Development that the authorities are currently drafting the second draft of the bill to implement the regulatory system for fiat currency stablecoin issuers in Hong Kong, with a view to submitting the bill to the Legislative Council for consideration by the end of this year.
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