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Hong Kong’s stablecoin licensing regime will take effect on August 1, marking a significant step in the region’s digital asset strategy. The new rules require issuers to obtain licenses and maintain full reserve backing, aiming to bolster investor protection and financial stability. This move aligns with Hong Kong’s broader push to expand tokenized assets and streamline regulations.
- Stablecoin issuers must secure HKMA licenses and maintain full reserve backing under the new rules.
- Hong Kong’s 'LEAP' framework prioritizes legal clarity, tokenized assets, and RWA development.
- The government is reviewing tax and regulatory policies to support tokenized bonds and blockchain innovation.
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