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Hong Kong Financial Secretary Announces Open Model for Stablecoin Issuance with Choice of Anchor Currencies
1 day ago /
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Author：小编
Hong Kong's Financial Secretary, Paul Chan Mo-po, emphasized that the evolution of digital assets has fueled the expansion of financial institutions' operations. According to recent data, the total transaction volume of digital assets handled by Hong Kong banks amounted to HK$17.2 billion last year, accompanied by a custody volume of HK$5.1 billion. Furthermore, the legislature has approved the "Stablecoin Ordinance," paving the way for Hong Kong to foster stablecoin development through an open model. This innovative approach permits the use of various fiat currencies as anchor currencies, aimed at bolstering market competitiveness, liquidity, and contributing invaluable insights to the nation's financial landscape.
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