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Hong Kong Monetary Authority: The second round of public consultation on the regulatory framework for stablecoins will “be announced as soon as possible”

Ruan Guoheng, the Deputy Chief Executive of the Hong Kong Monetary Authority, revealed in the latest briefing that the HKMA previously announced plans to conduct a second round of public consultation on the regulatory framework for stablecoins within the year. The recent JPEX incident highlighted the need for effective regulatory systems, and related work is still ongoing, with the hope of making an announcement soon.

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