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Saturday, Oct 08, 2022

Hong Kong to Establish Plan for New Crypto Regulation by July

Hong Kong to Establish Plan for New Crypto Regulation by July

Hong Kong’s de facto central bank plans to have a new regulatory regime for crypto assets ready by July, as the city vies with Singapore to become a key hub for the burgeoning sector while at the same time containing risks.
The Hong Kong Monetary Authority is currently approaching the crypto industry from three dimensions: stablecoins that can be used for payments, investor protection and how authorized institutions deal with with digital assets, according to a statement on its website.
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