Hong Kong just passed a law requiring all fiat-backed stablecoin issuers to be licensed. It’s a major step toward positioning the city as a global leader in digital finance.
Next stop: launching its own government-backed stablecoin?
The transparency vs. secrecy battle continues.
Several UK-linked offshore jurisdictions like BVI and Bermuda missed deadlines for corporate transparency reforms. BVI even launched a cartoon mascot—”Riley Wright”—to promote integrity, drawing sharp criticism from UK MPs who called it a mockery of anti-money laundering efforts.