Hong Kong Sets High Bar for Stablecoin Issuers Ahead of August Regime Launch

Hong Kong has introduced a high-bar licensing regime for stablecoin issuers from August 1, mandating controls on reserves, price stability, asset security and AML, aligning oversight with FSB standards, and signaling only a few licences initially. source: https://cryptonews.com/news/hong-kong-stablecoin-license-regime-high-bar/