Hong Kong Advances Stablecoin Development with New Regulations

According to BlockBeats, Hong Kong's Financial Secretary, Paul Chan, highlighted the impact of digital asset growth on financial institutions in his recent essay, "Accelerating Progress and Steady Sailing. " Last year, local banks in Hong Kong saw digital asset and related product transactions reach a total of HKD 17. 2 billion, with digital assets under bank custody amounting to HKD 5. 1 billion by the end of the year source: https://www.binance.com/en/square/post/25643016891618?utm_source=BinanceNewsRSS