Paul Chan: Promote Issuers to Expand Stablecoin Applications to Diverse Scenarios
2025/06/30 10:34According to ChainCatcher, Hong Kong Financial Secretary Paul Chan Mo-po stated in his essay "A New Era for Asia" that the legislation on Hong Kong stablecoins will take effect on August 1 this year. The Hong Kong SAR government and financial regulators will strive to foster a favorable market environment, complemented by necessary regulatory measures, to encourage issuers to expand stablecoin applications across various scenarios, helping to address real pain points faced by businesses and citizens in their daily lives.
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