Upcoming stablecoin regulations in Hong Kong could help curb potential fraud and ensure compliance, the co-chairman of an industry trade association said, Hong Kong's The Standard reported Wednesday.

The Hong Kong Monetary Authority's stablecoin licensing regime, due next week, could strengthen communication with issuers, define compliance operator criteria, and help curb fraud or chaos, said Emil Chan, co-chairman of the Hong Kong Digital Finance Association, according to the report.

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