Erin Cao

Mar 22, 2024 | lexology.com | Karen H.Y. Man |Grace Fung |Samantha Lai |Aaron Dauber |Erin Cao

On 12 March 2024, the Hong Kong Monetary Authority (HKMA) issued a press release announcing the launch of its new stablecoin issuer sandbox arrangement ("Stablecoin Sandbox"). The Stablecoin Sandbox is another step following the legislative proposal to implement a new regulatory regime for stablecoin issuers.1 The Stablecoin Sandbox will facilitate communications between the HKMA and interested stablecoin issuers to gauge the expected regulatory standards.

Mar 13, 2024 | globalcompliancenews.com | Grace Fung |Karen H.Y. Man |Samantha Lai |Erin Cao

In briefOn 8 February 2024, the Financial Services and the Treasury Bureau of Hong Kong (FSTB) released a public consultation (“Consultation“) on legislative proposals to introduce a licensing regime (“Proposed Regime“) for providers of over-the-counter (OTC) trading services of virtual assets (VA). The Proposed Regime will be regulated by the Commissioner of Customs and Excise (CCE).