Financial Secretary of Hong Kong: Promote issuers to expand stablecoin applications to different scenarios
According to online reports, Hong Kong Financial Secretary Paul Chan published a secretary's essay "Asia's New Era", saying that Hong Kong's stablecoin legislation will take effect on August 1 this year. The Hong Kong SAR government and Hong Kong financial regulators will strive to create a favorable market environment. With necessary regulatory measures, we will encourage issuers to extend the application of stablecoin to different scenarios, helping to solve the real pain points in business and even citizens 'lives.
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