Today, the Hong Kong stock market's digital currency sector collectively rose, and brokerage firms pointed out that stablecoins are ushering in a new period of accelerated regulation

Odaily Planet Daily News Today in the Hong Kong stock market, digital currency concept stocks collectively pulled up, Lianlian Digital once rose 80% during the session, Yika once rose nearly 50%, and OKEx Cloud Chain once rose more than 45%. As of the close, Lianlian Digital's increase was still more than 60%, OKEx Cloud Chain rose more than 40%, Yika rose nearly 40%, and ZhongAn Online rose nearly 10%. From a policy perspective, there has been a constant stream of good news in the digital currency industry recently, especially the emergence of stablecoins, which has become a new focus of the global financial market. The Hong Kong Special Administrative Region Government published the Stablecoin Ordinance in the Gazette on May 30, which means that the Stablecoin Ordinance has officially become a law. According to the current progress, compliant Hong Kong stablecoins are expected to be officially launched before the end of this year. In addition, the United States is also accelerating the stablecoin regulatory bill. Some securities firms pointed out that stablecoins are ushering in a new period of accelerated regulation and will also be regarded as an important financial innovation tool. It is expected that they will continue to receive policy support in the future, and the industry development space will be further opened up. (Jinshi)