Meanwhile, flexibility is offered – the HKMA will not “presently see a need” either to introduce a separate licensing regime for custody of reserve assets, or to include custodians into the proposed framework. Alternatively, conventional fiat-backed stablecoins are sometimes much more available for traders in search of a steady method of pre

1. balance/run dangers: to deal with pitfalls to stablecoin end users and guard against stablecoin operates, legislation really should call for stablecoin issuers (establishments or Keeping firms) to generally be insured by depository establishments issue to supervision and regulation (like money, liquidity, and backbone prerequisites) and eligible