The Hong Kong Monetary Authority has begun discussing the introduction of stable financial management

The Hong Kong Monetary Authority (HKMA) has released a questionnaire to gauge public opinion on crypto-assets and securities policies. The governing body will develop the governing body in 2023-2024.

The HKMA meeting on crypto-assets and stablecoins describes the growth of stablecoins since 2020, as well as the American Financial Action Task Force (FATF), the Financial Stability Board (FSB) and the International Commission on Basel which simultaneously include recommendations. Governing bodies, including the Financial Supervisory Board (BCBS).

According to MAS, by consensus, the small size and current market of crypto assets will not pose an immediate threat to the security of the global financial system. However, the conference report warns:

“Real estate investors have expanded these assets to replace or add current assets to the market, lending and lending.

Based on the above data, MAS data shows that by December 2021, global investment capital will be around $150 billion “representing 5% of total crypto wealth.” The administrators also released a list of eight questions to seek information about the law, offering five benefits of governance: no action, policy choice, risk according to government, general control and restrictions.

MAS expects participants to submit responses by March 31, 2022 and hopes to "announce the new administration by 2023/24 by the end of it."

Finally, management claims that payments are associated with integration into key financial processes and even in modern business and industry.

Generally, HKMA plans to expand the application of PSSVFO (Payment and Price Regulations), a law that determines the legality of financial products.

Sun Hung Kai, one of Hong Kong's largest real estate companies, has invested $90 million in Sygnum, a Swiss bank dedicated to holding digital assets, to promote consumer sentiment. The local government for support cryptocurrencies.

As reported by Cointelegraph, Series B round supports Sygnum ex after nqi $800 million, a 10x increase in revenue by 2021.