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Cryptopolitan 2024-07-18 13:59:14

Hong Kong releases stablecoin report with Binance and Circle’s input

Hong Kong has just rolled out a big consultation report on stablecoins, with input from major industry players like Binance and Circle. They’re trying to regulate the stablecoin market, requiring issuers to set up physical offices in Hong Kong and hand over reserve assets to licensed banks in the city. Plus, these issuers aren’t allowed

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