Being a “first mover” in stablecoin legislation “reflects the determination” of the Hong Kong's government to “unlock value that they see in this sector, given the number of hurdles from past incidents”, Melvin Deng, CEO of QCP, via @SCMPNews. With one of the world’s most comprehensive stablecoin laws, Hong Kong is aiming for a leading role in the stablecoin market. Read more: https://www.scmp.com/tech/blockchain/article/3313993/stablecoin-law-hong-kong-looks-first-mover-edge-over-us-singapore-payments?module=top_story&pgtype=section