Hong Kong Fintech Companies Look To Expand Into Crypto: Report

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On August 1, Hong Kong authorities introduced a highly anticipated regulatory framework targeted at overseeing fiat-based stablecoin operations in the Asian country. While this regime may be considered stringent by mandating more requirements for stablecoin operators, the government’s recognition of this class of digital assets appears highly encouraging for investors. Hong Kong Fintech Raise Over $1.5-B To Fund Stablecoin, Crypto Business According to a recent Reuters report, Hong Kong’s new st...