Deep Tide TechFlow News, January 16 — According to Aastocks, Hong Kong Financial Secretary Deputy Secretary Wong Wai-lun attended an event and spoke about digital assets and crypto assets. He stated that Hong Kong will further promote the development of stablecoins in the future but emphasized "stability first, progress second," to prevent illegal fund inflows and ensure the stability of the financial system. Additionally, Wong Wai-lun pointed out that Hong Kong is actively expanding its gold storage capacity, aiming to increase the total capacity to 2000 tons within the next three years. Currently, a central gold clearing system is being established, with the Shanghai Gold Exchange invited to participate, aiming to be operational within this year.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Deep Tide TechFlow News, January 16 — According to Aastocks, Hong Kong Financial Secretary Deputy Secretary Wong Wai-lun attended an event and spoke about digital assets and crypto assets. He stated that Hong Kong will further promote the development of stablecoins in the future but emphasized "stability first, progress second," to prevent illegal fund inflows and ensure the stability of the financial system. Additionally, Wong Wai-lun pointed out that Hong Kong is actively expanding its gold storage capacity, aiming to increase the total capacity to 2000 tons within the next three years. Currently, a central gold clearing system is being established, with the Shanghai Gold Exchange invited to participate, aiming to be operational within this year.