News list for " and virtual currency"

Hong Kong Treasury Board: Stablecoin issuers must comply with three main requirements: full reserve, redemption service, and governance

The Hong Kong Treasury Bureau said that in view of the important role of fiat stablecoins in Web3 and the virtual asset ecosystem, as well as the increasingly close connection between the traditional financial system and the virtual asset market, the SAR government needs to address the issue of fiat stablecoins.

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2024-07-16 10:04:18