Hong Kong advances stablecoin legislation introducing new rules for issuers

Hong Kong has passed a landmark bill to regulate fiat-backed stablecoins, signaling its continued push to position itself as a global hub for digital finance. On May 21, Hong Kong lawmaker Johnny Ng confirmed that the Legislative Council approved the bill after its third source: https://cryptoslate.com/hong-kong-advances-stablecoin-legislation-introducing-new-rules-for-issuers/