The Hong Kong Legislative Council reviews the regulatory bill for stablecoins and the development of Web3 technology.
The Legislative Council of the Hong Kong Special Administrative Region is currently conducting a detailed review of the "2024 Companies (Amendment) (No. 2) Bill" and the "Stablecoin Bill" to facilitate the re-registration of overseas companies in Hong Kong and to establish a licensing system for issuers of fiat-backed stablecoins. Additionally, the Legislative Council's Internal Affairs Committee has formed a subcommittee to study the application and development of Web3 and virtual asset technologies in Hong Kong and to propose implementation recommendations for relevant regulations and policies.
The Hong Kong Legislative Council reviews the regulatory bill for stablecoins and the development of Web3 technology.
The Legislative Council of the Hong Kong Special Administrative Region is currently conducting a detailed review of the "2024 Companies (Amendment) (No. 2) Bill" and the "Stablecoin Bill" to facilitate the re-registration of overseas companies in Hong Kong and to establish a licensing system for issuers of fiat-backed stablecoins. Additionally, the Legislative Council's Internal Affairs Committee has formed a subcommittee to study the application and development of Web3 and virtual asset technologies in Hong Kong and to propose implementation recommendations for relevant regulations and policies.
