Hong Kong and Washington race to regulate the |Asian Markets
The $280 billion market for fiat backed digital tokens is anticipated to obtain an institutional enhance after Hong Kong’s Stablecoin Bill went into impact final month. Now enacted, Hong Kong has change into one of the first jurisdictions in the world to undertake devoted stablecoin laws, going down more than a yr after native regulators accepted exchange traded funds linked to Bitcoin spot costs.
href=”https://www.financeasia.com/article/hong-kongs-crypto-spot-etf-move-beats-regional-peers/495889″>href=”https://www.financeasia.com/article/hong-kong-passes-stablecoins-bill-in-digital-asset-hub-boost/502618″>href=”https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/05/20250521-3/”>href=”https://coinmarketcap.com/view/stablecoin/”>
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