As Hong Kong seeks to grow as an international Web3 and virtual asset (VA) hub, the public consultation paper jointly issued by Financial Services and the Treasury Bureau and the Hong Kong Monetary Authority (HKMA) to gather views on the legislative proposal to regulate fiat-referenced stablecoin (FRS) issuers that will also enable issuance and sale of FRSs to retail investors. FTAHK's RegTech and Web3 & Blockchain Committee held a great session on the future stablecoin regime in Hong Kong, where we dove straight into the weeds on issues around licensing, regulatory arbitrage, and the future of payments.
Thanks to the fellow speakers Ernest Ho, Urszula McCormack, Jonathan Muthana and Brian Tang for a lively discussion and also to King & Wood Mallesons for being such gracious hosts.
Speakers
- Ernest Ho, Head of Digital Finance, HKMA
- Kat Kukreja, Director, FTAHK
- Urszula McCormack, Partner, King & Wood Mallesons
- Jonathan Muthana, Senior Legal Counsel, Standard Chartered Bank
Panel Chair
- Brian Tang, Director, FTAHK