Hong Kong: Regulatory Framework for Stable Currency Issuer Supervisory Regime and Launch of "Sandbox" Arrangement

Progress

Current status

in force

29 Feb 2024 processing consultation

27 Dec 2023 in consultation

Scope

Implementers

Hong Kong

Policy Area

Authorisation, registration and licensing

Policy Instrument

Operational license requirement

Regulated Economic Activity

digital payment provider (incl. cryptocurrencies)

Government Branch

executive

Government Body

central government

Implementation Level

national

Timeline of events

29 Feb 2024

processing consultation

Closed Consultation on Legislative Proposals for Stable Currency Issuer Supervisory Regime

On 29 February 2024, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) closed their public consultation on the legislative proposals to regulate stable money issuers. The consultation sought views on t…

Source

Event type law

Action type consultation closed

Government branch executive

Government body central government

27 Dec 2023

in consultation

Opened Consultation on Legislative Proposals for Stable Currency Issuer Supervisory Regime

On 27 December 2023, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) jointly released a public consultation paper on the legislative proposals to regulate stable money issuers until 29 February 2024.…

Source

Event type law

Action type consultation opened