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Hong Kong Legislative Council Member Wu Jiezhuang: Stablecoin reserve assets may not be stored in Hong Kong, and plans to seek a compromise solution
The bill to regulate the issuance of stablecoins has been submitted to the Hong Kong Legislative Council for consideration this week. Legislative Council member, Web3 and Chairperson of the Subcommittee on Virtual Asset Development Wu Kit-chuang pointed out that stablecoins belong to the infrastructure of virtual assets, which can be used for cross-border transfer in addition to investment. They are an important tool for the public to participate in virtual assets. However, the current regulator...
2024-12-21 11:49:06
7x24 Newsflash
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