Odaily Planet Daily reported that the Secretary for Justice of the Hong Kong Special Administrative Region Government, Lam Ting-kwok, said that virtual asset transactions are becoming increasingly active, and most transactions are conducted through virtual asset trading platforms. Many investors will invest virtual assets on trading platforms to earn returns. In recent years, digital assets "stablecoins" linked to legal tender have rapidly emerged. Anyone who issues legal tender stablecoins in Hong Kong or issues legal tender stablecoins in Hong Kong or abroad that claim to be anchored to the value of the Hong Kong dollar must apply for a license from the Monetary Authority.

Those involved must comply with regulations regarding reserve asset management and redemption, including properly separating client assets and maintaining sound stability mechanisms.