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Hong Kong Monetary Authority Establishes Regulatory Agenda for Stablecoins

Hui Zhengyu, the Secretary for Financial Services and Treasury, has revealed new advancements in financial technology and innovative financial services in Hong Kong, including measures for stablecoins. The Hong Kong Monetary Authority is establishing a regulatory agenda for stablecoins and organizing consultations for the second time this year.

The government of Hong Kong is emphasizing the advancement of digital assets and has set policy principles and vision for their development. The licensing regime implemented this month by the Hong Kong Securities and Futures Commission will ensure systematic development of the industry and protection of investors' interests.

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