In a historic move by the Hong Kong Monetary Authority [@hkmagovhk], today, the city's new stablecoin regime comes to force and AMINA's Head of Legal & Compliance in APAC, Cora Ang, shared her thoughts with Aileen Chuang [@aileenchuang] at @SCMPNews. It is a major regulatory milestone for the city as stablecoins, crypto’s most widely used cash equivalents, will now be governed with the same level of oversight as traditional banks. “The regime will filter out those unable to align with the strict regulations, produce viable use cases and demonstrate financial stability,” Cora explains. “After incidents like FTX, regulators have become more cautious because they don’t want any perception that their regime is not robust enough – it’s a reputational risk.” As the HKMA begins issuing a limited number of licences under this new framework, it’s a defining moment for firms serious about building credible, compliant digital asset infrastructure. 📖 Read the full article here: #Stablecoins #HKMA #HongKong #Regulation