BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Hong Kong to Introduce Stablecoin Auditing Guidelines Within 1-3 Years
Hong Kong to Introduce Stablecoin Auditing Guidelines Within 1-3 Years
4
2
BTCCSquare news:
Hong Kong's Accounting and Financial Reporting Council Chairman SUN Deji anticipates a measured approach to stablecoin regulation, with audit guidelines expected within one to three years. The delay reflects caution against stifling the nascent industry with premature regulations.
Stablecoin licensing demand has surged, particularly among Chinese firms. Sun emphasized the sector's potential to attract young talent to finance and accounting as the market matures.
By:
