First Digital Trust, a company offering crypto custody services, believes that Hong Kong is currently unprepared to regulate USD-backed stablecoins. The CEO of First Digital Trust suggests that Hong Kong should accelerate its efforts in crypto regulation to better manage these digital assets.

First Digital Trust, which provides crypto custody services for institutions, says that Hong Kong is not yet ready to regulate USD-backed stablecoins.

First Digital Trust CEO Urges Hong Kong to Accelerate Crypto Regulation