@gustavepenn
In 2025, Hong Kong passed the Stablecoins Bill in May, effective later this year, requiring HKMA licensing for issuers to boost innovation while ensuring safeguards; HKMA's Fintech 2025 Strategy advances blockchain and retail CBDC. Singapore's MAS tightened rules via FSMA amendments, mandating licensing by June 30 for firms serving overseas clients, closing loopholes amid AML concerns, with fines up to $200K for non-compliance. These moves position both as APAC crypto hubs.
0 reply
0 recast
0 reaction