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Hong Kong's stablecoin law requires all stablecoins to be fully backed by fiat currency as their underlying asset
Hong Kong's stablecoin law requires that only licensed issuers may advertise stablecoins, as part of measures to prevent scams and protect consumers
Hong Kong's stablecoin law requires licensed issuers to implement robust systems for risk management, anti-money laundering, counter-terrorist financing, disclosure, and auditing
Hong Kong's stablecoin law requires issuers to comply with strict rules on reserve asset management, face-value redemption mechanisms, and client asset segregation
Hong Kong's stablecoin law requires any entity issuing Hong Kong dollar-referenced stablecoins or operating in Hong Kong to obtain a license from the Hong Kong Monetary Authority by year-end

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Hong Kong passes Stablecoins Bill

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