While the rest of the world rushes headlong into crypto experimentation, Hong Kong has taken a different route – less Silicon Valley, more central bank. Its licensing regime for stablecoin issuers, which took effect in 2024, isn’t designed to foster hype or speed. Instead, it’s a filter: fully backed reserves, high liquidity, zero tolerance for […]The post The city that refused to gamble on crypto experimentation appeared first on Asia Times.