Wu Blockchain (@WuBlockchain): Hong Kong has announced that the Stablecoin Ordinance has come into effect and is currently processing license applications. The regulatory framework…
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Hong Kong has announced that the Stablecoin Ordinance has come into effect and is currently processing license applications. The regulatory framework for virtual asset trading, custody, advisory, and management services will be submitted to the Legislative Council this year, and automatic exchange of cross-border tax information is expected to commence in 2028. https://www.info.gov.hk/gia/general/202601/30/P2026013000539.htm