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Hong Kong Throws Hat in Stablecoin Ring—Regulators Roll Out Licensing Framework
Hong Kong Throws Hat in Stablecoin Ring—Regulators Roll Out Licensing Framework
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Asia’s financial hub makes its play for crypto dominance—just as the US stumbles on regulation.
Stablecoin issuers, take note: Hong Kong’s new licensing regime just upped the global competition. No more ’wild west’ for pegged tokens—unless you count the usual Wall Street shenanigans.
The move signals serious intent. While other jurisdictions waffle, Hong Kong’s framework could lure big players seeking clarity. But let’s see if banks actually use it—or just keep printing monopoly money the old-fashioned way.
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