https://www.scmp.com/rss/522203/feed The latest news, analysis and opinion on RD Technologies. In-depth analysis, industry insights and expert opinion. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Matt Haldane Matt Haldane In the days after Hong Kong passed a bill to regulate stablecoins on May 21, people in the industry celebrated the government’s forward-looking stance on the cryptocurrency assets, but its stringent requirements – similar to how it regulated other virtual assets – could be a double-edged sword in the near term. “Regular 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,... https://www.scmp.com/tech/blockchain/article/3312056/crypto-industry-optimistic-about-stablecoins-hong-kong-faces-high-compliance-costs?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3312056/crypto-industry-optimistic-about-stablecoins-hong-kong-faces-high-compliance-costs?utm_source=rss_feed Wed, 28 May 2025 04:00:07 +0000 Matt Haldane Matt Haldane Hong Kong’s de facto central bank has announced the launch of a stablecoin “sandbox”, allowing companies to trial cryptocurrency tokens pegged to fiat currency in the city, the Hong Kong Monetary Authority (HKMA) announced on Tuesday. The launch fulfils a promise the HKMA made in December with the release of its stablecoin consultation paper, which outlined the rules for issuing and selling such tokens to retail investors. It also comes quickly on the heels of the launch of its central bank... https://www.scmp.com/tech/policy/article/3255129/stablecoin-sandbox-launches-hong-kong-companies-make-plans-cryptocurrencies-pegged-local-currency?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3255129/stablecoin-sandbox-launches-hong-kong-companies-make-plans-cryptocurrencies-pegged-local-currency?utm_source=rss_feed Wed, 13 Mar 2024 00:00:20 +0000