Hong Kong council hints at RMB stablecoin development
The Hong Kong Legislative Council has published a special bulletin that details the latest developments regarding stablecoins in the region, including renminbi-backed stablecoins. Summary Hong Kong’s Legislative Council’s latest report included plans to seek central government support for the issuance of offshore RMB-backed stablecoins. Major Chinese state-owned enterprises such as PetroChina and the Bank of … Read more