Remove Due Diligence Remove Stablecoins Remove Travel Rule
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Hong Kong Consults on Proposed Approach to Stablecoin Legislation

Global Fintech & Digital Assets

The proposed regulatory framework would create substantive obligations on issuers of fiat-referencing stablecoins to safeguard the public. The HKMA followed with its own press release announcing a future sandbox arrangement for stablecoin issuers.

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Here Are All The Licensed Crypto Services Providers in Singapore

Fintech News

The move aims to protect against financial crime and loss, particularly in digital fraud, and includes broadening DPT service definitions and enhancing Anti-Money Laundering (AML) protocols such as Customer Due Diligence and transaction monitoring.