15 Jan 2024

FSTB AND HKMA JOINTLY PUBLISHED A CONSULTATION PAPER ON REGULATORY REGIME FOR STABLECOIN ISSUERS

Introduction

On 27 December 2023, the Financial Services and the Treasury Bureau (the “FSTB”) and the Hong Kong Monetary Authority (the “HKMA”) jointly published a consultation paper (the “Consultation Paper”) on proposals to implement a regulatory regime for stablecoin issuers in Hong Kong. The FSTB and the HKMA are seeking market feedback on their proposal by 29 February 2024.