An APAC Regulatory Framework refers to the collection of laws, rules, and guidelines governing digital assets and blockchain technology across the Asia-Pacific region. This framework varies significantly by country, covering aspects like licensing, anti-money laundering, and consumer protection. It aims to manage risks while fostering innovation within the digital economy.
Context
The APAC Regulatory Framework is currently characterized by its evolving and fragmented nature, with countries like Singapore and Hong Kong adopting clearer guidelines, while others maintain more restrictive stances. A critical discussion involves harmonizing these diverse national approaches to create a more consistent operating environment for digital asset businesses. Future developments will likely involve increased cross-border cooperation and the establishment of region-specific standards for stablecoins and central bank digital currencies.
The HKMA's new Ordinance mandates licensed issuers maintain full reserves and segregated client assets, fundamentally de-risking the APAC stablecoin market.
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