Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers

CoinDesk News writes:
Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers
The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance.