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Hong Kong Monetary Authority: 6-month Transition Arrangement to be Established After Implementation of Stablecoin Regulations

Summary: According to reports, the 'Stablecoin Regulations' will come into effect this Friday, with the Hong Kong Monetary Authority announcing a 6-month transition arrangement to handle institutions already engaged in stablecoin issuance in Hong Kong, including issuing temporary licenses to issuers capable of complying with regulatory requirements.

According to reports, the 'Stablecoin Regulations' will come into effect this Friday, with the Hong Kong Monetary Authority announcing a 6-month transition arrangement to handle institutions already engaged in stablecoin issuance in Hong Kong, including issuing temporary licenses to issuers capable of complying with regulatory requirements.

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Link: Hong Kong Monetary Authority: 6-month Transition Arrangement to be Established After Implementation of Stablecoin Regulations [Copy]

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