Hong Kong warns against unapproved yuan stablecoins amid crypto frenzy

scmp.com/tech/blockchain/article/3326796/hong-kong-warns-against-unapproved-yuan-stablecoins-amid-crypto-frenzy

The Hong Kong Monetary Authority (HKMA) cautioned investors that no stablecoins pegged to the offshore yuan had been approved for issuance in the city, as regulators sought to temper the frenzy surrounding digital assets.
In a statement published on WeChat on Wednesday, the HKMA refuted…

This story appeared on scmp.com, 2025-09-25 07:00:10.
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