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537 Hong Kong Monetary Authority Warns Against Unregulated Stablecoin Issuance

CoinDesk
Francisco Rodrigues @ CoinDesk · today 05:49 EDT

Hong Kong Monetary Authority Warns Against Unregulated Stablecoin Issuance

The warning comes after AnchorX, a Hong Kong-based firm, announced a stablecoin called AxCNH, pegged to the offshore Chinese yuan.

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