Hong Kong has rolled out the welcome mat for crypto firms by enacting a crypto licensing regime for crypto trading platforms in 2023. In March last year, the HKMA launched a sandbox for stablecoin issuers.
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Hong Kong has welcomed stablecoins by launching a regulatory sandbox for issuers, passing the Stablecoins Bill, and inviting global firms to apply for issuance licenses
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Hong Kong has enacted a crypto licensing regime for crypto trading platforms in 2023
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Hong Kong is establishing itself as a crypto-friendly jurisdiction through a series of regulatory and policy initiatives aimed at promoting the creation of web3 infrastructure
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