{"id":130136,"date":"2025-05-28T04:00:07","date_gmt":"2025-05-28T04:00:07","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=130136"},"modified":"2025-05-28T04:00:07","modified_gmt":"2025-05-28T04:00:07","slug":"hong-kongs-crypto-industry-optimistic-about-stablecoin-legal-clarity","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=130136","title":{"rendered":"Hong Kong\u2019s crypto industry optimistic about stablecoin \u2018legal clarity\u2019"},"content":{"rendered":"<p>Source: Tech &#8211; South China Morning PostIn the days after Hong Kong passed a bill to regulate stablecoins on May 21, people in the industry celebrated the government\u2019s forward-looking stance on the cryptocurrency assets, but its stringent requirements \u2013 similar to how it regulated other virtual assets \u2013 could be a double-edged sword in the near term.<br \/>\n\u201cRegular independent audits and strict disclosure obligations further bolster confidence in the sector, although in the short run it may increase operational costs and limit market entry,&#8230;<a href=\"https:\/\/www.scmp.com\/tech\/blockchain\/article\/3312056\/crypto-industry-optimistic-about-stablecoins-hong-kong-faces-high-compliance-costs?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Tech &#8211; South China Morning PostIn the days after Hong Kong passed a bill to regulate stablecoins on May 21, people in the industry celebrated the government\u2019s forward-looking stance&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130136"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130136"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130136\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130136"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}