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Hong Kong Monetary Authority Calls for Comments on its Crypto Regulation Paper

January 13, 2022
Source: bitcoinethereumnews.com bitcoinethereumnews.com
News Snapshot:
Hong Kong is looking to expand its crypto regulation to cover trading platforms and stablecoins and non-asset-backed cryptocurrencies. Hong Kong’s central bank is looking for comments on cryptocurrency regulation. The request for comment comes amidst global concerns of crypto being used for criminal activities. The Hong Kong Monetary Authority has released a paper on the topic. “We emphasize issues that may affect the public’s confidence in, and the safety, efficiency, and soundness of our payment systems, and accord appropriate priority to the protection of users,” said the HKMA in the paper. Eddie Yue, the chief executive of the HKMA, points...
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