Techub News reports that Hong Kong Financial Secretary Deputy Wong Wai-lun mentioned digital assets and crypto assets in his speech at an event. He stated that Hong Kong will further promote the development of stablecoins in the future but emphasized "stability first, progress later," to prevent illegal fund inflows and ensure the robustness 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 3 years. Currently, a gold central clearing system is being established, with the Shanghai Gold Exchange invited to participate, and it is targeted to be operational within this year.
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Techub News reports that Hong Kong Financial Secretary Deputy Wong Wai-lun mentioned digital assets and crypto assets in his speech at an event. He stated that Hong Kong will further promote the development of stablecoins in the future but emphasized "stability first, progress later," to prevent illegal fund inflows and ensure the robustness 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 3 years. Currently, a gold central clearing system is being established, with the Shanghai Gold Exchange invited to participate, and it is targeted to be operational within this year.