The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) jointly issued on 17 July the consultation conclusions on the legislative proposal to implement a regulatory regime for fiat-referenced stablecoin (FRS) issuers in Hong Kong.
Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/07/20240717-3/