Hong Kong sets HK$25M minimum requirement for stablecoin issuers

Hong Kong has set a minimum capital requirement of HK$25 million for companies seeking to issue fiat-backed stablecoins in the city. Regulators require issuers to provide a clear and enforceable redemption mechanism that allows holders to exchange stablecoins for fiat currency at a 1:1 ratio within a short timeframe. The requirement is part of the […] source: https://www.cryptopolitan.com/hong-kong-requirement-stablecoin-issuers/