Russia’s Proposed Crypto Regulations Slated to Take Effect in 2027, South Korea Considers Allowing Institutions to Issue Virtual Assets and Top10 News
1. Hong Kong Accelerates Improvement of Virtual Asset and Stablecoin Regulatory Framework link
Christopher Hui Ching-yu, Secretary for Financial Services and the Treasury of Hong Kong, stated that Hong Kong has continued to advance the regulation of virtual assets. The Stablecoins Ordinance has entered into force, and the Hong Kong Monetary Authority (HKMA) is processing license applications from fiat-backed stablecoin issuers. A regulatory framework governing virtual asset trading, custody, advisory and management services will be submitted to the Legislative Council within this year. The government also plans to implement the OECD Crypto-Asset Reporting Framework, with the automatic exchange of cross-border tax information expected to…
