Hong Kong introduces the concept of "designated stablecoin": a regulatory model for value anchoring in its strategy as an international financial center.
The 21st Century Business Herald published an article analyzing "Hong Kong's 'Bet' on Stablecoins: A Key Move for an International Financial Center," which points out that Hong Kong has proposed the concept of "designated stablecoin," corresponding to the model of "value anchoring regulation." The concept of "designated stablecoin" refers to stablecoins that maintain stable value by referencing one or more official currencies, or a calculation unit or economic store of value designated by the Monetary Authority.
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NftMetaversePainter
· 11h ago
A paradigm shift in stablecoin regulations.
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AltcoinMarathoner
· 14h ago
Looks like HK's regulatory marathon just hit mile 18. Smart pacing on their stablecoin framework.
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CryptoComedian
· 06-07 09:02
Anchored to a good future
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NftCollectors
· 06-07 09:02
Regulatory alignment is necessary to activate on-chain value.
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NftDataDetective
· 06-07 09:00
*adjusts statistical glasses* Value pegging needs more data
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GateUser-2fce706c
· 06-07 09:00
To win in the future, one must win at the high ground.
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CryptoHistoryClass
· 06-07 08:39
HK follows Singapore's roadmap
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SatoshiLegend
· 06-07 08:33
Cautious advancement is required in the budding stage.
Hong Kong introduces the concept of "designated stablecoin": a regulatory model for value anchoring in its strategy as an international financial center.
The 21st Century Business Herald published an article analyzing "Hong Kong's 'Bet' on Stablecoins: A Key Move for an International Financial Center," which points out that Hong Kong has proposed the concept of "designated stablecoin," corresponding to the model of "value anchoring regulation." The concept of "designated stablecoin" refers to stablecoins that maintain stable value by referencing one or more official currencies, or a calculation unit or economic store of value designated by the Monetary Authority.