Hong Kong Treasury Bureau Xuzhengyu: Hong Kong's positioning on stablecoins is clear, there is no speculation opportunity.
According to Sina Finance APP, the "Stable Coin Regulations" in Hong Kong will come into effect this month. Paul Chan, the Secretary for Financial Services and the Treasury of Hong Kong, stated on August 24th that Hong Kong's positioning on stable coins is clear - they are meant to be used as a means of delivery and are another form of legal tender, with no opportunity for speculation.
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