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Hong Kong to pursue criminal charges against unlicensed stablecoin activity from August

From August 1, Hong Kong’s government will enforce a new crypto law that criminalizes the promotion and offering of unlicensed fiat-referenced stablecoins (FRS) to the public. The legislation was introduced through the Stablecoins Ordinance passed by Hong Kong’s Legislative Council on May 21. According to a public notice published on Wednesday, the new law grants […]

Source: cryptopolitan.com (Read Full Article)