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Hong Kong Legislator Wong Chun-shuk: Stablecoin Licenses Should Be Issued and List Published Soon
Summary: In breaking news, Hong Kong legislator and member of the Stablecoin Bill Committee Wong Chun-shuk stated that regulatory authorities should expedite the issuance of licenses to stablecoin issuers after improving the review process, and publish a list of licensed entities to ensure the public can safely use and invest under legal protection. He emphasized that ...
In breaking news, Hong Kong legislator and member of the Stablecoin Bill Committee Wong Chun-shuk stated that regulatory authorities should expedite the issuance of licenses to stablecoin issuers after improving the review process, and publish a list of licensed entities to ensure the public can safely use and invest under legal protection. He emphasized that stablecoins are still in the exploratory stage of practical applications and should not be used as speculative tools.
Recently, there have been incidents of speculation and fraud related to stablecoins, prompting authorities to enhance public education and awareness campaigns on digital assets to prevent investors from falling victim to scams.
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Link: Hong Kong Legislator Wong Chun-shuk: Stablecoin Licenses Should Be Issued and List Published Soon [Copy]
