@colto
The Hong Kong Monetary Authority has developed detailed guidelines and set up a sandbox to provide application scenarios for the issuance of stablecoins, and cooperate with institutions to ensure that licensed issuers can achieve a sustainable business model through stablecoins. Chen Weimin said that the HKMA focuses on the operational risks of stablecoins, including reserve management, liquidity management and anti-money laundering measures, to ensure that risks are controllable and the business model is sustainable when the license is officially issued.
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