Hong Kong's Stablecoin Regulations Lead to New Digital Asset Initiatives

According to Foresight News, Dr. George Lam, CEO of Cyberport, announced that following the implementation of Hong Kong's stablecoin regulations on August 1, Cyberport has gathered nearly 290 technology companies specializing in blockchain, smart contracts, data auditing, and cybersecurity. Cyberport has launched a pilot project for stablecoins and digital assets, selecting nine cross-industry cases from over 200 applications. These cases span sectors such as finance, logistics, and healthcare, and will undergo end-to-end scenario validation, including issuance, retail, and anti-money laundering processes, to create replicable industry templates.