The Hong Kong Special Administrative Region Government: In order to give full play to the potential of stablecoins, the Special Administrative Region Government may use stablecoins as a government payment tool
2025-06-26 04:58:26
The Hong Kong Special Administrative Region Government today released the "Hong Kong Digital Asset Development Policy Declaration 2.0". In the declaration, the Hong Kong Special Administrative Region Government expressed its support for stablecoins and other tokenization projects. In order to fully realize the potential of stablecoins, the government and regulators will provide a conducive market environment and necessary regulatory guidelines to promote Hong Kong licensed stablecoin issuers to study and implement solutions to different application scenarios to solve real pain points in economic activities. To demonstrate the government's support and take the lead, market participants are welcome to make suggestions on how the government can experiment and use licensed stablecoins, such as to improve the efficiency of government payments.
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