BlockBeats News, October 13th. The Hong Kong Legislative Council released a Special Newsletter on the Latest Developments in Financial Technology and Digital Assets, in which it was pointed out that in response to lawmakers’ suggestions, the Hong Kong government has proposed multiple amendments to the “Stablecoin Regulatory Draft Bill.” These include, in addition to the four categories of endorsed providers in the original proposal, allowing Stored Value Facility licensees to also sell fiat-backed stablecoins. Future suggestions will aim to garner more support and develop offshore RMB stablecoins in Hong Kong.
Furthermore, Hong Kong is promoting green and sustainable finance through the issuance of tokenized green bonds, with a total of approximately USD 43 billion in green and sustainable bonds issued in Hong Kong to date.
