https://techcrunch.com/2023/06/13/hong-kong-eyes-stablecoin-regulatory-regime-by-2024/

While the Western world debates how to regulate stablecoins, Hong Kong is forging ahead with a regulatory framework for cryptocurrencies pegged to traditional financial assets.

The Hong Kong Monetary Authority (HKMA) is in the process of seeking comments from the public regarding stablecoins and aims to introduce a regulatory framework by the end of 2024, said the city’s Undersecretary for Financial Services and the Treasury, Joseph Chan Ho-lim, according to local media.