FinTech Association of Hong Kong Supports HKMA’s Risk-Based Approach to Regulate Stablecoins

The FinTech Association of Hong Kong (FTAHK) has published a response to the Hong Kong Monetary Authority’s (HKMA) January discussion paper on crypto assets and stablecoins.

The FTAHK said that it is in principle supportive of the HKMA’s proposed risk-based approach to regulating payment-related stablecoins.
In January, Blockchain.News reported that in order to make its stance known about stablecoins, the HKMA published a discussion paper in which it solicited the public’s contributions to its proposed regulatory approach to digital currencies and stablecoins in particular.
The report added, as per the published paper, the HKMA acknowledged the steady growth …

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