Hong Kong’s New Stablecoin Rules 🌏
🔸 Hong Kong just passed a major stablecoin regulation bill, setting strict standards for issuers
🔸 New rules demand reserve, redemption & risk management protocols to ensure stability
🔸 The HK Monetary Authority will oversee licensing, offering clear legal certainty
🔸 While it attracts institutions, high compliance costs could limit smaller issuers
🔸 Experts say this cements Hong Kong’s ambition to be a global crypto hub
