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Hong Kong Legislative Council Releases Special News Flash on Latest Developments in Digital Assets, Suggests Developing Offshore RMB Stablecoin
Summary: In breaking news, the Hong Kong Legislative Council has released a special news flash on the latest developments in financial technology and digital assets, highlighting the government's response to lawmakers' suggestions by proposing multiple amendments to the 'Stablecoin Bill,' including allowing licensed stored value facility operators to sell fiat currency stablecoins in addition to the ...
In breaking news, the Hong Kong Legislative Council has released a special news flash on the latest developments in financial technology and digital assets, highlighting the government's response to lawmakers' suggestions by proposing multiple amendments to the 'Stablecoin Bill,' including allowing licensed stored value facility operators to sell fiat currency stablecoins in addition to the existing four categories of authorized providers. Future proposals aim to seek central support for developing offshore RMB stablecoins in Hong Kong.
The news flash also mentions that Hong Kong is promoting green and sustainable financial development through the issuance of tokenized green bonds, with a total of approximately $43 billion in green and sustainable bonds arranged for issuance in Hong Kong to date.
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Link: Hong Kong Legislative Council Releases Special News Flash on Latest Developments in Digital Assets, Suggests Developing Offshore RMB Stablecoin [Copy]
