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Hong Kong Deputy Financial Secretary: Advancing stablecoin development will add security safeguards

Hong Kong Deputy Financial Secretary: Advancing stablecoin development will add security safeguards

AIcoinAIcoin2026/01/16 08:27
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Hong Kong Deputy Financial Secretary Wong Wai-lun stated at an event that the financial market needs innovation to expand the Hong Kong stock market. When promoting the development of stablecoins, the government will adopt a "prudent and precise" strategy, appropriately increasing safety barriers to ensure security and prevent misuse by criminals. At the same time, the Hong Kong government is expanding the capacity of its gold storage facilities, aiming to increase it to 2,000 tons within the next three years, and has invited the Shanghai Gold Exchange to participate, with plans to launch the central gold clearing system within this year.
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