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Hong Kong Monetary Authority Issues Discussion Paper on Crypto Assets and Stablecoins

News Snapshot:

"The approach has taken into account, among other things, the international recommendations, the market and regulatory landscape locally and in other [Digital Chamber Asks Court docket to Draw Line Between Funding Contracts and Belongings in Telegram Case] “The approach has taken into account, among other things, the international recommendations, the market and regulatory landscape locally and in other major jurisdictions, and the characteristics of payment-related stablecoins,” the announcement says. To facilitate the stakeholders in sharing their views, the HKMA has highlighted certain issues in the form of questions and answers in the paper. www.coindesk.com

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