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Hong Kong's digital asset framework is upgraded to 2.0, with stablecoins and RWA becoming the focus

According to online reports, the Hong Kong Treasury Bureau released the "Hong Kong Digital Asset Development Policy Declaration 2.0", aiming to develop Hong Kong into a global digital asset innovation center. The new framework outlines four major points with "LEAP": optimizing law and regulation, expanding tokenized products, promoting application scenarios and cross-border cooperation, and promoting talent development. Stabiloins and tokenization of real-world assets have become policy priorities and are expected to revolutionize payments, supply chain management and capital markets. The new framework completes the institutional closed-loop of regulatory certainty, asset penetration and tax competitiveness, marking a new stage of institutionalization, scale and globalization of Hong Kong's digital assets. (21 Finance and Economics)

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