Our Managing Partner, Basil Hwang, was recently invited by Banking Risk & Regulation (a specialty service of The Financial Times) to provide expert commentary on Hong Kong’s newly passed Stablecoins Bill.
In his analysis, Basil explores the implications of the regulatory framework and how it positions different market players.
He noted the new regime’s potential to inadvertently stifle the city’s ambitions as a digital asset hub as its narrow licensing rules—restricting “offering” to banks and select institutions—may exclude legitimate market participants.
The regulatory caution is evident in how tightly the law is drafted…By favoring incumbents like banks, the regime risks limiting broader adoption and innovation—key to Hong Kong’s Web3 aspirations.
Click here to read the full article “Hong Kong’s stablecoin regime favours incumbents“.
Below are our other articles covering the stablecoins regime: