China Highlights Digital Asset Rules in 2024 Stability Report

China Highlights Digital Asset Rules in 2024 Stability Report

The People’s Bank of China (PBOC), the nation’s central bank, emphasized global efforts to regulate digital assets in its 2024 Financial Stability Report, published on December 27. The report also spotlighted Hong Kong’s initiatives to establish itself as a leader in digital asset regulation with its licensing regime. Global Digital Asset Regulation Trends In the report, the PBOC detailed global regulatory developments, noting tha...

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