Hong Kong Monetary Authority: Hong Kong must have a reliable and regulated stablecoin environment to allow the process of tokenization to develop smoothly.

According to the Zhixin Finance APP, Eddie Yue, the acting Chief Executive of the Hong Kong Monetary Authority, stated that after Hong Kong has regulations for stablecoins, relevant regulatory work can be advanced. The goal of the Hong Kong Monetary Authority is to have a reliable regulated stablecoin environment in Hong Kong in a few years to facilitate the smooth development of tokenization processes. In five years, technology related to tokenization development will play a role in economic activities and financial market transactions, so it is necessary to proactively construct and cooperate in the tokenization clearing and settlement platform, with stablecoins being a unit of tokenization clearing.