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Hong Kong plans new crypto regulation – Forkast News

n Hong Kong, plans for new crypto regulation are on the agenda. The Hong Kong Monetary Authority, or HKMA, is looking for feedback now after publishing a paper on options for regulating the sector. The HK paper says emphasis has been placed on the user protection in developing the proposals. It goes on to note that stablecoins in particular present risks for monetary and financial stability as they have higher potential for becoming widely accepted as a means of payment.

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