Stablecoins face uncertain future in Hong Kong as new regulation reveals…

The Hong Kong Monetary Authority has concluded its discussion paper on crypto-assets and stablecoins. The regulator has clarified that Hong Kong will not permit algorithmic stablecoins.  The Hong Kong Monetary Authority (HKMA) has laid out its plans for regulating stablecoin issuers. According to a press release by the regulator earlier today, entities operating stablecoin services […]