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Algorithmic stablecoins like terraUSD will not be accepted under the planned regulatory regime, the Hong Kong Monetary Authority said.
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Hong Kong to Require Stablecoin Licensing as Early as This Year
![Hong Kong to Require Stablecoin Licensing as Early as This Year](https://bankingandinsurance.in/wp-content/uploads/https://www.coindesk.com/resizer/uHzhrm2H2-Q2AAej3Q6mvQUASgM=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/DKBMEPC4ZRD75KVXRQEGPTRY4M.jpg)
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Algorithmic stablecoins like terraUSD will not be accepted under the planned regulatory regime, the Hong Kong Monetary Authority said.
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Source link
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