GOLDILOCKS
Read here again you’ll see the answer about the pilot test 😄
Hong Kong Central Bank Announcement:
"On Tuesday, the Hong Kong Monetary Authority (HKMA) released an 11-page circular outlining its guidelines for tokenization and digital asset custody for institutions authorized in the region.
The recent guidance from the Hong Kong Monetary Authority (HKMA) supplements the licensing framework introduced last year, providing crypto exchanges with a clear pathway to operate under regulation."
Hong Kong has just recently been given the green light to move forward with their crypto and stablecoin regulations.
Do you remember the pilot program they were on to standardize and move forward with the digital versions of our foreign currency in their sandbox?
It will be important for us to watch as they advance forward with their new guidelines as it will pertain to monetary shifts in prices on the Forex Market.
© Goldilocks
https://www.cryptotimes.io/2024/02/21/hk-central-bank-issues-crypto-custodial-service-guidelines/
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