Hong Kong Mulls Offshore RMB-Backed Stablecoin Amid Fintech Push
Quick Breakdown Hong Kong Legislative Council’s latest report highlights growing support for RMB-backed stablecoins. The Stablecoin Ordinance, effective August 1, draws interest from major Chinese state-owned firms. Authorities warn against unlicensed stablecoin projects as licensing framework remains pending. Hong Kong legislature signals interest in RMB-backed stablecoin The Hong ...
