Hong Kong to introduce stablecoin auditing guidelines in 1-3 years
Chairman of the Hong Kong Institute of Accountants and Financial Reporting, Sun Deji, said that he expects the government to wait a little longer before publishing guidelines on how to audit stablecoins. Summary Accounting and Financial Reporting Council Chairman Sun Deji expects Hong Kong authorities will not rush its stablecoin audit guidelines. Sun Deji expects the guidelines to be formulated and issued in at least one year to three years from now. Stablecoin issuer licenses from Hong Kong has grown in high demand, especially among Chinese firms. According to a report by local media Sing Tao Daily, Financial Secretary and…




