News with the tag "FSTB"

Hong Kong is officially onboard with the OECD’s Crypto-Asset Reporting Framework, promising to roll out a global crypto tax reporting system by 2028. On December 13, the government told the OECD’s Global Forum on Transparency and Effective Exchange of Information in Tax Matters that it will adopt th...

Hong Kong’s FSTB has unveiled a balanced AI policy approach for finance while the SFC preps new crypto OTC regulations.

Hong Kong regulators announced the conclusion of a stablecoin regulation consultation phase that saw stakeholders provide 108 submissions. The regulators claimed that the proposed regulatory requirements received positive feedback from stakeholders. Stakeholders Support Introduction of Stablecoin Re...

The Hong Kong FSTB and HKMA outline plans for a new regulatory framework for stablecoin issuers following broad public support and stakeholder feedback.