Hong Kong is doing everything it can to augment its position as Asia’s premier Web3 capital with a swift and strong regulatory framework. At the same time, Senator Elizabeth Warren has loudly protested Trump’s new entry in the US crypto legislation stakes. At the same time, Vietnam has introduced its...
Hong Kong is making a big bet. A really big bet. This latter kind could certainly push it beyond the stratosphere of Web3 techno-financial-artistic dominance. On the other hand, it could crash it back down to earth. That bet? Its new stablecoin regulations, set to go into effect on August...
The digital financial world is changing quickly, and stablecoins are quickly becoming an important pillar in this digital finance ecosystem. These digital assets, designed to maintain a stable value relative to a reference asset like the US dollar, promise to revolutionize payments, trade, and financial services. Their promise is deeply...
The regulatory environment for stablecoins is rapidly evolving. These are important legislative developments, but tremendous work still remains in both the United States and Hong Kong. These regulatory pushes are an attempt to catch up with the increasing relevance of stablecoins in the international financial system. Simultaneously, the United States...