Hong Kong Lawmakers Second Debate on Stablecoin Guidance!


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Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Hong Kong lawmaker Chiu Duncan recently confirmed that in Shanghai lawmakers are currently engaged in a second round of consultations on stablecoins. He expressed his hope that guidelines for stablecoins can be released by the middle of next year, paving the way for companies to issue stablecoins in Hong Kong. With digital asset tokenization, the digital Hong Kong dollar, and stablecoins, Duncan hopes that Hong Kong can emerge as the greatest hub for digital assets. This move could potentially boost the city’s economy and cement its position as a key financial center.

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