The Stablecoin Bill is on track for its third reading, anticipated to bolster Hong Kong’s Web3 ambitions by allowing global firms to issue stablecoins. Wu Jiezhuang highlighted its significance for establishing a stable regulatory environment in the region.
Bitcoin (BTC) has reached a market cap of 2.11 trillion USD with a 62.99% dominance. Its recent price increase of 1.20% over 24 hours indicates confidence in the evolving regulatory landscape.
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