Internet reports that on May 21, the Legislative Council of the Hong Kong Special Administrative Region passed the "Stable Coin Bill." In response to reporters 'inquiries, Dominic Maffei, head of digital assets and financial technology at Standard Chartered in Hong Kong, said,"We welcome the Legislative Council's passage of the Stable Coin Bill and look forward to its formal implementation later this year, while consolidating Hong Kong's status as an international financial center. As announced earlier, Standard Chartered Hong Kong is joining hands with Anse Group and Hong Kong Telecom to form a joint venture company, hoping to apply for a license from the Hong Kong Monetary Authority under the new regulatory system to issue stablecoins pegged to the Hong Kong dollar. As the relevant draft is passed, we are stepping up relevant preparatory work and will announce more details in due course." (21 Finance and Economics)