Boston-based Circle Internet Financial Ltd. (CRYPTO: USDC) is keeping a keen eye on the regulatory changes in Hong Kong following the implementation of the territory’s new cryptocurrency regulations.Circle CEO Jeremy Allaire told Bloomberg Television during the World Economic Forum in Tianjin, China, described Asia as “a huge area of focus.”
“Hong Kong clearly is looking to establish itself as a very significant center for digital assets markets and for stablecoins and we are paying very close attention to that,” he said.Circle is the company behind the issuance of USD Coin, the world’s second-largest stablecoin.
