Good news from Hong Kong:

💥On December 6, 2024, the Hong Kong government officially announced the "Stablecoin Regulation Draft" and plans to submit it to the Legislative Council for initial review on December 18. This landmark legislation not only fills the regulatory gap for fiat-referenced stablecoins (FRS), but also marks an important step for Hong Kong in balancing compliance and innovation in the global virtual asset space.

Hot news:

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