The second reading of the Hong Kong Legislative Council's "Stablecoin Bill" has started, which is expected to inject a strong shot in the arm for Web3 and financial innovation
On May 21, 2025, the Hong Kong Legislative Council officially launched the second reading debate on the Stablecoin Issuers Bill 2024, marking an important step for Hong Kong to move towards a new era of stablecoin regulation.
The Hong Kong Legislative Council will review the Stablecoin Bill at 13:30
The proposer of the amendment is the Secretary for Financial Services and the Treasury, Paul Chan, and the amendment is contained in the Legislative Council document CB(2)912/2025(01) issued on May 14, 2025.
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