Hong Kong Treasury Secretary: Hong Kong Monetary Authority plans to conduct the second round of public consultation on stablecoin regulatory framework within this year.

According to BlockBeats news on July 18th, Hong Kong Financial Secretary Paul Chan Mo-po revealed in an interview that the Hong Kong Monetary Authority is formulating a regulatory framework for stablecoins and plans to conduct a second round of public consultation this year, with the aim of implementing regulatory arrangements in the financial year 2023/2024. (China Fund News)