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Eye on HKSAR's stablecoin bill

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Manage episode 492012431 series 3320357
Content provided by podcastcp and China Plus. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by podcastcp and China Plus or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Hong Kong's Stablecoins Ordinance, the world's first dedicated legislation specifically governing fiat-referenced stablecoins, is set to take effect this August. A stablecoin is a type of crypto token backed by a reference asset, typically a fiat currency such as the U.S. dollar or the Hong Kong dollar. The new regulations, spearheaded by the Hong Kong Monetary Authority, are set to integrate stablecoins into the mainstream financial system and bolster financial efficiency and stability in digital asset markets. As stablecoins become a significant part of the financial ecosystem, what does the upcoming initiative reveal about Hong Kong and the global status of the Chinese renminbi?

  continue reading

170 episodes

Artwork
iconShare
 
Manage episode 492012431 series 3320357
Content provided by podcastcp and China Plus. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by podcastcp and China Plus or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Hong Kong's Stablecoins Ordinance, the world's first dedicated legislation specifically governing fiat-referenced stablecoins, is set to take effect this August. A stablecoin is a type of crypto token backed by a reference asset, typically a fiat currency such as the U.S. dollar or the Hong Kong dollar. The new regulations, spearheaded by the Hong Kong Monetary Authority, are set to integrate stablecoins into the mainstream financial system and bolster financial efficiency and stability in digital asset markets. As stablecoins become a significant part of the financial ecosystem, what does the upcoming initiative reveal about Hong Kong and the global status of the Chinese renminbi?

  continue reading

170 episodes

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