08 Feb Hong Kong among first to propose crypto reserve requirements for banks aligned with new international standards
Posted at 10:30h
in Asia
The BCBS is a forum where banking and finance authorities from 28 major jurisdictions set standards for prudential regulation. The standards are not legally binding, but are typically adopted through local laws and regulations.Hong Kong’s stablecoin rules would be ‘extremely challenging’ to Tether, USDCWith this...