Hong Kong lawmaker Wong Chun-suk has called on regulators to expedite the licensing process for stablecoin issuers following thorough reviews. Wong emphasized the importance of publishing a list of licensed issuers to ensure public investments are legally protected and regulated. He noted that while stablecoin applications are still being explored, there should be no room for speculation. Recent incidents of speculation and fraud highlight the need for increased public awareness and education on digital assets to prevent scams.
Hong Kong Lawmaker Urges Swift Licensing for Stablecoin Issuers
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