Ripple executive: Hong Kong Monetary Authority can advance mutual recognition mechanisms for regulatory frameworks

ChainCatcher reported that Rahul Advani, Global Policy Co-Head at Ripple, stated that as other jurisdictions gradually establish stablecoin frameworks, the Hong Kong Monetary Authority can promote a mutual recognition mechanism for regulatory frameworks. When Hong Kong recognizes mechanisms from other regions, locally licensed stablecoins are expected to circulate in Hong Kong, while Hong Kong stablecoins can also circulate in other regions.