The Hong Kong Financial Services and the Treasury Bureau has released a second policy statement regarding stablecoins, highlighting strategic directions for the sector.
Overview of the New Policy
The Hong Kong administration has introduced a new statement concerning the regulation of stablecoins, emphasizing the significance of this direction for the financial sector.
Four Key Aspects: LEAP
The government's stance on stablecoins is summarized in the acronym LEAP, where each letter represents: L - Legal and regulation, E - Expanding tokenized products, A - Advancing use cases and cross-sector collaboration, P - People and partnership.
Position of Matrix AI Network
Matrix AI Network, established in 2017, plans to leverage the current stablecoin policy for its promotion and development, focusing on product expansion and the application of technologies.
Hong Kong's new stablecoin policy, encapsulated by the concept of LEAP, opens new opportunities for the sector, receiving support from companies like Matrix AI Network.
