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Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper

Hong Kong’s financial watchdog says it is concerned over the rising popularity of stablecoins, as it invites the public to give their say on the merits and challenges of e-HKD.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper

Hong Kong’s financial watchdog says it is concerned over the rising popularity of stablecoins, as it invites the public to give their say on the merits and challenges of e-HKD.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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