Hong Kong proposing bill to regulate stablecoins with licensing requirements and consumer protections

From Cointelegraph

December 26, 2024 03:23 AM:

A new bill has been proposed which includes licensing requirements for stablecoin issuers, offering and marketing restrictions, and broader consumer protections. This bill aims to regulate the stablecoin industry and ensure consumer safety.

Read more at Cointelegraph: Hong Kong stablecoins bill advances to the Legislative Council