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TechFlow, November 10 — Rahul Advani, Ripple's Global Policy Co-Head, said that as other jurisdictions gradually establish stablecoin regulations, the Hong Kong Monetary Authority could advance mutual recognition of regulatory frameworks. When Hong Kong recognizes mechanisms from other regions, locally licensed stablecoins could circulate in Hong Kong while Hong Kong-licensed stablecoins could also circulate abroad.
Ripple's Global Policy Co-Head Rahul Advani said that as other jurisdictions gradually establish stablecoin regulations, the Hong Kong Monetary Authority could advance mutual recognition of regulatory frameworks, allowing locally licensed stablecoins to circulate in Hong Kong when other regions' regimes are recognized, and enabling Hong Kong-issued stablecoins to circulate overseas.
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