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Hong Kong Races to Regulate Stablecoins as Circle’s US IPO Soars – Who’s Winning the Crypto Trust Game?
Hong Kong Races to Regulate Stablecoins as Circle’s US IPO Soars – Who’s Winning the Crypto Trust Game?
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While Wall Street cheers Circle’s IPO triumph, Hong Kong scrambles to draft stablecoin rules—because nothing says 'financial hub' like playing catch-up with decentralized money.
The city’s regulators are now sweating over frameworks that should’ve existed before the stablecoin genie left the bottle. Meanwhile, crypto traders yawn and keep stacking USDC.
Here’s the kicker: Asia’s richest market still can’t decide if crypto is the future or a compliance nightmare. Place your bets.
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