The Hong Kong government has pledged to promote the public adoption of licensed stablecoins, unveiling a broad set of new digital asset (DA) policies as the city seeks to cement its role as a global cryptocurrency hub while serving as a test bed for Beijing’s fintech aspirations.
In the “Policy Statement 2.0 on the Development of Digital Assets in Hong Kong” released on Thursday, the government called for market proposals to test stablecoin applications in public scenarios and a legislative…
