According to Hong Kong 01 , Hong Kong Legislative Council member Ng Kit-chong and South Korean National Assembly member Min Byung-deok jointly launched the "Hong Kong - South Korea Web3 Policy Promotion Alliance," which will focus on areas such as digital asset regulation, stablecoin mechanisms, blockchain infrastructure, and cross-border data flows. Both parties stated that they will promote regional regulatory collaboration, facilitate the integration of digital assets with the real economy, and strengthen exchanges between businesses and talent. Ng Kit-chong noted that Hong Kong has already implemented a licensing system for virtual asset service providers and is currently advancing a regulatory framework for stablecoin issuers.
Hong Kong Legislative Council members launch "Hong Kong-Korea Web3 Policy Promotion Alliance" focusing on AI and stablecoin regulation.
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