Hong Kong Regulators Adopt CertiK’s Stablecoin Regulation Proposals

Hong Kong has advanced plans for a stablecoin regime. Two regulators have adopted regulation proposals from CertiK. Proposals from Binance and Standard Chartered were also accepted. The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) have accepted CertiK’s proposals to advance a stablecoin regulatory regime. CertiK, a blockchain security firm, is listed as a respondent in Hong Kong’s consultation paper on the proposed regulatory framework. HKMA and FSTB released the “consultation conclusions” on July 17 after a two-month engagement period, which began in December last year and ended on February 29. CertiK’s Proposals

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