PANews reported on May 25th that according to the Hong Kong Special Administrative Region government press release, Financial Secretary Christopher Hui stated that Hong Kong is currently developing the virtual asset market and simultaneously developing the gold commodity market. Hong Kong will create new financial fields, including financial technology, virtual assets, stablecoins, and green finance. This week, they will quickly seek legislative council support to establish a legal regulatory framework for stablecoins, as there is significant market demand, and therefore the next step must be to continuously innovate and expand new markets.
Xu Zhengyu: Hong Kong's stablecoin market has great demand, and virtual assets and gold commodities will be developed simultaneously
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