The Hong Kong Financial Secretary has announced plans to release a second policy statement regarding the digital asset strategy, focusing on the integration of financial services and innovative technologies.
Second Policy Statement on Digital Assets
Financial Secretary Paul Chan revealed that a second policy statement will be issued later this month. It will focus on integrating financial services with innovation and expanding real-world applications for digital assets.
Legislation on Stablecoins
The new stablecoin law in Hong Kong will take effect on August 1, paving the way for regulated issuance and positioning the city ahead of the U.S. and mainland China in the crypto space.
The Future of Fintech in Hong Kong
Chan noted that the convergence of Web3 and AI is unlocking new frontiers in finance, enhancing credit assessments and offering personalized investment strategies. Hong Kong is preparing for active blockchain technology use across various sectors of the economy.
Hong Kong continues to advance in the field of digital assets and stablecoins, creating conditions for the development of fintech and an innovative economy.
