GOLDILOCKS
"Hong Kong is among first to propose crypto reserve requirements for banks aligned with new international standards."
This will go a long way to help approve those stablecoins that are in Hong Kong's current pilot program.
Creating synergistic payment programs between the banking system and crypto through pegging their stablecoins with commodity assets will give a real value to their digital economy and those that trade with them in the sandbox being tested and soon to be regulated.
© Goldilocks
https://www.scmp.com/tech/policy/article/3251420/hong-kong-among-first-propose-crypto-reserve-requirements-banks-aligned-new-international-standards
FREEDOM FIGHTER
ALL countries have to be on a level playing field so Hong Kong establishes Stablecoin legislation …. Stablecoin: Digital Gold/asset backing of their currency
Since all countries will have to be on level playing field this will trigger other countries to ……?😁
A countries currency that has been manipulated and suppressed for so many years will (through technology / QFS) have to find there real values on a level playing field with other countries currencies. So what will happen eventually to many countries currencies as a result ?
And as far as legislation is concerned. Hong Kong establishes legislation other countries will have to do the same
Level playing fie.
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