Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
Yao Zhisheng, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference: Hong Kong should strive to become a global stablecoin issuance center
3hours ago

Odaily Planet Daily reported that according to the Hong Kong Ta Kung Pao, Yao Zhisheng, a member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference, published an article entitled "Focusing on Three Major Themes to Promote High-Quality Development in Hong Kong", in which he pointed out that stablecoins anchored to legal tender have both the openness, transparency, decentralization and globalization attributes of cryptocurrencies given by blockchain technology and distributed ledgers, and the characteristics of stable value of legal tender. As an international financial center and the world's largest offshore RMB business center, Hong Kong should give full play to the advantages of "one country, two systems", seize the commanding heights in the development of stablecoins, strive to build itself into a global stablecoin issuance center, and strengthen Hong Kong's role as a "digital financial hub."