Hong Kong Acting Chief Executive Chan Kwok-kee: Stablecoin regulatory framework to be implemented by the end of the year at the earliest

Hong Kong's acting chief executive, Chan Kwok-kee, announced that the Hong Kong government is about to issue a second virtual asset policy statement, which will position Hong Kong as an Asian digital asset innovation center, and will implement a stablecoin regulatory framework as early as later this year. So far, 10 digital asset trading platform licenses have been approved, and more licenses will be approved in the near future.