Hong Kong To Enforce Stablecoin Law with Full Backing In August 1

Key Insights: All stablecoins in Hong Kong must be fully backed by cash or government bonds. Issuers must obtain a Hong Kong Monetary Authority license starting August 1. Major players like Standard Chartered and JD.com prepare to launch compliant stablecoins. Hong Kong will enforce new stablecoin regulations starting August 1. Fiat-backed tokens must be fully […]