Hong Kong: Stablecoin Regulation Public Wallets for Chinese Residents

Hong Kong is getting ready to announce new rules for stablecoins, which are digital currencies linked to traditional money (like the Hong Kong Dollar). This is important because it means people in mainland Chi

na will be able to safely use digital wallets and trade with stablecoins, like HKDA. This is a big step towards China fully adopting blockchain technology, which is like the technology behind cryptocurrencies.

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