https://www.scmp.com/rss/521336/feed John Park leads institutional partnerships for Arbitrum across Asia, focusing on blockchain infrastructure and digital assets. Previously, he was CEO of Al Ahli Holding Group's innovation division and a partner at SparkLabs, whose portfolio includes OpenAI, Anthropic and Messari. He specialises in integrating decentralised technologies into global financial systems. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com John Park John Park Hong Kong’s stablecoin bill passed with little fanfare recently. Yet across Asia’s financial centres, the legislation has focused minds. The city has quietly created the region’s first mandatory licensing regime for digital currencies, a strategic gambit to retain its position as Asia’s financial capital. The new law, overseen by the Hong Kong Monetary Authority (HKMA), applies to any stablecoin pegged to the Hong Kong dollar or issued locally. It requires one-to-one reserve backing, a minimum... https://www.scmp.com/opinion/hong-kong-opinion/article/3313431/why-hong-kongs-stablecoin-law-smart-financial-move?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3313431/why-hong-kongs-stablecoin-law-smart-financial-move?utm_source=rss_feed Sun, 08 Jun 2025 08:30:07 +0000