Hong Kong Financial Secretary: Encourage issuers to expand the application of stablecoins to different scenarios
2025-06-30 11:03:12
The Financial Secretary of Hong Kong, Paul Chan, published the Secretary's essay "Asia's New Era", saying that the Hong Kong stablecoin legislation will come into effect on August 1 this year, and the Hong Kong Special Administrative Region government and Hong Kong financial regulators will strive to create a favorable market environment, with the necessary regulatory measures, to promote issuers to apply stablecoins to different scenarios, and to help solve the real pain points in business and people's lives.
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