Hong Kong's stablecoin licensing regime takes effect, requiring issuers to get approval from the Monetary Authority, comply with AML protocols, and more
Also, the British weirdness where bank notes are printed by specific banks, rather than government, really needs to end. [embedded post] Forums: r/ethtrader : Hong Kong Kicks Off Stablecoin Licensing Regime With Eye on Global Hub - Decrypt
China is lucky in that the different monetary system in Hong Kong allows for containment when this quasi-legal counterfeiting implodes. — Also, the British weirdness where bank notes are printed by specific banks, rather than government, really needs to end. [embedded post]