Analysis: The Hong Kong Monetary Authority may conditionally allow currency mismatches in some stablecoin cases
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最新报道：According to a report by Bijie.com and an analysis published by Mobile Payment Network, the Hong Kong Monetary Authority (HKMA) may conditionally allow currency mismatching in some stablecoin cases. Licensed institutions must demonstrate their ability to consistently maintain full repayments, including under extreme market pressure, and ensure that any currency mismatching measures do not transfer risk to stablecoin holders. Furthermore, licensed institutions must discuss and obtain approval from the HKMA before proposing plans for the composition and proportion of reserve assets, as well as risk management measures. Furthermore, the HKMA does not prohibit licensed institutions from engaging distributors outside of Hong Kong. However, licensed institutions should conduct due diligence and risk assessments before engaging them, conduct ongoing monitoring throughout the process, and adhere to relevant third-party risk management measures. Licensed institutions should also pay particular attention to compliance with local laws and regulations.
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