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Hong Kong will not tolerate algorithmic stablecoins in new regulation

On Jan. 31, the HKNA issued the consultation conclusion to the discussion paper on crypto and stablecoins, summarizing the feedback from 58 submissions. In its summary, the regulator repeats the popular formula of a “risk-based and agile” approach, which is necessary for the maturing crypto industry.

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Source: Cryptocurrency - investing.com

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