China Casts Long Shadow Over Hong Kong’s Once-Vibrant Crypto Industry


The paper additionally firmly distinguishes HKMA’s views from mainland coverage. “On paper, they’re taking a look at stablecoins as a cost software,” she stated, in distinction to the mainland the place no crypto can be utilized in commerce. For crypto belongings not associated to funds, HKMA is “taking a look at the way it develops therefore, they don’t seem to be stymying innovation,” Chia added.

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