Hong Kong legislator Ng Kit-chuang revealed that Hong Kong's stablecoin regulations are strict, and the first stablecoin license is expected to be issued in early 2026. He said that the Hong Kong Legislative Council will also start legislative procedures for offline OTC transactions next year to further improve the Web3 ecosystem.
Mr. Ng believes that digital assets have become the trend of the times, and many countries have included digital assets such as bitcoin in their reserves. He stressed that Hong Kong has the unique advantages of no foreign exchange controls, low tax rates and backing the mainland market in the development of Web3. (Barron's Weekly)
Wu Jiezhuang: The first stablecoin license is expected to be issued in early 2026
2025-09-03 12:17:31
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