Chen Chun: When issuing stablecoins in Hong Kong, the scale should be limited within a certain range, such as 200 million or 2 billion yuan

Academician Chen Chun, who earlier gave a group study on the topic of blockchain for the Politburo, said yesterday afternoon when attending the Hong Kong DAB Digital Economy Exchange Conference that when transacting through digital currency, Hong Kong needs a new management model to deal with these problems. Even if blockchain technology is used in the online information space, it is still necessary to ensure its value in the real society. In the information space, in order to promote the development of production, it is possible not to be bound by the real-name system, but when it comes to moral and ethical issues, technical means are needed to control risks. The design of the management system requires a brake mechanism, and it is very important to establish a sandbox management system when risks may be amplified or reduced through the online information space. For example, when issuing a stablecoin, it should limit its size to a certain range, such as 200 million or 2 billion yuan, and ensure that the management boundaries are clear.