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The post Hong Kong Monetary Authority is Working Towards Efficient Stablecoins Regulations appeared first on Coinpedia Fintech News Following the collapse of Terra Luna UST last year, which wiped out […]
The post Hong Kong Monetary Authority is Working Towards Efficient Stablecoins Regulations appeared first on Coinpedia Fintech News
Following the collapse of Terra Luna UST last year, which wiped out over $30 billion from the crypto market, the Hong Kong Monetary Authority (HKMA) is gearing up to regulate the stablecoins industry. According to the HKMA’s consultation conclusion, all stablecoins operating within its jurisdiction must be fully backed by high-quality liquid assets. The HKMA …
