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Hong Kong regulators may spread their views on crypto asset rules and adopt a regulatory framework by 2024

January 13, 2022
Source: fuentitech.com fuentitech.com
News Snapshot:
Hong Kong’s de facto central bank solicited comments on Wednesday on how to regulate crypto assets and stablecoin. It aims to adopt a regulatory framework in which the scope of policy can range from inaction to total bans by 2024. The rapid growth of cryptocurrencies, especially stablecoin, or digital assets fixed to traditional currencies, attracts attention from regulators around the world who fear they could endanger the financial system if unsupervised. Is collecting. Eddie Yue, Chief Executive Officer of the Hong Kong Monetary Authority (HKMA), said that the global market value of crypto assets is about $ 2.2 trillion (about...
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Tags: bank | bitcoin | blockchain | CES | commission | consumer | consumer electronics | crypto | cryptocurrency | currency | digital | executive | exploit | finance | financial | fintech | Gadgets & Electronics | HKMA | Hong Kong | Hong Kong Monetary Authority | illegal | investment | investor | IT | KONG

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