Welcome to Herbert Smith Freehills' monthly private wealth
industry updates in Asia.
Every month we survey ten Asian jurisdictions for legal
developments concerning trust and estate planning which are of
interest to the private wealth industry, and provide a succinct
summary in a table format. The jurisdictions covered in the update
are Hong Kong, Singapore, China, Taiwan, Japan, India, Malaysia,
Indonesia, Thailand and the Philippines. We hope that these updates
will prove to be a useful resource to keep private clients,
business people, and lawyers abreast of legal updates in the
region.
Hong Kong
HKMA issues discussion paper on crypto-Assets and
stablecoins
On 12 January 2022, the Hong Kong Monetary Authority (HKMA)
issued a discussion paper setting out its thinking on the
regulatory approach for crypto-assets, particularly payment-related
stablecoins, after taking into account international
recommendations, local and foreign market and
