Response to the consultation paper on the legislative proposal to implement a regulatory regime for stablecoin issuers in Hong Kong

The FTAHK commends the HKMA and the FSTB in their respective efforts to further the regulatory regime around the use of virtual assets in Hong and is generally supportive of the approach suggested in the proposals.

We do, however, feel that there are certain areas in which additional regulation clarity would be beneficial to the market in the move towards regulation and assist in greater adoption of regulated stablecoins by the public. Please see our paper for FTAHK's view.

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