Hong Kong Starts New Phase of CBDC Testing
Phase 2 of the e-HKD pilot will be supported by the recently launched regulatory sandbox for testing wholesale CBDCs and tokenization, the Hong Kong Monetary Authority said.
Phase 2 of the e-HKD pilot will be supported by the recently launched regulatory sandbox for testing wholesale CBDCs and tokenization, the Hong Kong Monetary Authority said.
The draft Regulatory Technical Standards (RTS) lay out requirements for issuers when dealing with complaints about stablecoins referencing multiple currencies or assets.
“What I reflect is the fact that you all are spending part of your brainpower” wondering how to avoid getting sued, she said during a panel at EthDenver.
“A federal regulator should have the ability to decide if a stablecoin issuer should be barred from issuing such an asset,” she told lawmakers on Tuesday.
If all else fails with Plan A for setting up stablecoin rules with legislation, the industry’s Republican allies in Washington have revealed their worry the Federal Reserve could step in.
Lawmakers and crypto boosters are asking questions about how the SEC’s X (formerly Twitter) account was compromised, leading to a bogus tweet on Tuesday.
The latest price moves in crypto markets in context for Dec. 22, 2023.
The statement from the SFC and HKMA comes as expectations mount the U.S. SEC is on the verge of approving a spot bitcoin ETF.
The 2024 U.S. presidential candidate would fire most of the SEC, direct the government to back off crypto software developers and ease a path for digital assets as commodities.
The bill sets the groundwork for defining a virtual asset and how exchanges should operate in the country.