Hong Kong Set to Welcome Quasi-Stablecoin Firms as Regulatory Framework Nears Launch

Liu Kaixuan, Director-General of Invest Hong Kong, revealed that several quasi-stablecoin operators are actively negotiating with financial teams about launching operations in the city. These discussions come as Hong Kong prepares to implement its new Stablecoin Ordinance in the coming month, marking a significant regulatory milestone for the region’s digital asset ecosystem. Liu emphasized that the fintech sector places strong importance on the development of stablecoins, citing their potential to boost trade, diversify global currency use, and attract new investment. With Hong Kong's regulatory environment for stablecoins considered among the most forward-looking in Asia, the city is positioning itself as a key hub for digital finance innovation source: https://www.binance.com/en/square/post/26621157666186?utm_source=BinanceNewsRSS