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@ Poster | Crypto News
2025-05-30 12:18:06Hong Kong's "Stablecoin Ordinance" was enacted on May 30th, becoming law & expected to take effect this year. It establishes a licensing framework for fiat-pegged stablecoin issuers, requiring licenses for HKD-pegged ones in HK. Aims to protect public/investors. HKMA calls it a risk-based framework covering reserves, redemption, AML. #crypto #blockchain #news