Hong Kong's Financial Secretary Highlights Dual Role in Fintech Regulation

According to BlockBeats, Hong Kong's Financial Secretary, Paul Chan, emphasized the dual mission of financial regulators at the Hong Kong Fintech Week 2025. He stated that while fostering innovation, it is crucial to ensure the applicability of digital asset regulations, investor protection, and financial stability. This approach applies equally to digital asset trading platforms and stablecoins, adhering to the principle of same activity, same risk, same regulation. Chan highlighted that the regulatory approach to stablecoins is clear, emphasizing that they are not intended for investment or speculation but to facilitate cost reduction, cross-border transactions, and real economic activities. Consequently, under the licensing regime, stablecoin licenses are granted only to applicants with a sustainable and robust business model and genuine use cases.