Source: Tech – South China Morning PostFor the second time in a month, Hong Kong’s de facto central bank sought to temper excitement surrounding stablecoins, warning against overly vague concepts and operations, stock speculation and money-laundering risks.
Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), said in a blog post on Wednesday that efforts to cool down discussions about stablecoins in the market and society over the past month required some strengthening. “We need to guard against excessive…Read More