According to Biji Network, Wu Shuo Blockchain tweeted that Hong Kong has established a Stablecoin Review Tribunal to handle appeals from unlicensed or dissatisfied institutions, ensuring a fair and transparent process. The review focuses on applicants with a minimum capital of HKD 25 million, highly liquid and low-risk assets, and redemption mechanisms. The regulatory framework covers the entire lifecycle of entry, operation, and exit, with the core goal of protecting stablecoin holders' asset safety.
Hong Kong Establishes Stablecoin Review Tribunal to Ensure Asset Safety
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