Hong Kong Secretary for Financial Services and the Treasury Christopher Hui said in an interview that only a small number of licenses will be issued in the first phase of stablecoin regulation. Regarding whether it is possible to issue RMB stablecoins, he said that there are currently no restrictions on pegged currencies, but if it involves other regional currencies, it may be necessary to consult with relevant institutions. [Foresight News]

Hong Kong Secretary for Financial Services and the Treasury: Only a small number of stablecoin licenses will be issued in the first phase, and asset tokenization such as ETFs will be promoted in the future.

On July 13, Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, said in an interview that only a small number of stablecoin licenses will be issued in the first phase. Regarding whether a Renminbi stablecoin can be issued, Christopher Hui said that there are no restrictions on the linked currency, but if it involves other regional currencies, it may be necessary to discuss with relevant institutions. Christopher Hui emphasized that the government will take the lead in promoting the application of stablecoins, especially focusing on cross-border payment scenarios, to help developing countries cope with local currency devaluation and financial system risks. He also revealed that Hong Kong will promote the tokenization of financial assets in the future. Following green bonds, the next step is expected to extend to exchange-traded funds ETFs, and it is believed that commodity trading such as metals can also be studied for payment with tokens. [BlockBeats]

Hong Kong Financial Services and the Treasury Bureau's Christopher Hui: Only a small number of stablecoin licenses will be issued in the first phase

On July 13, Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, stated in an interview that only a small number of stablecoin licenses will be issued in the first phase. Regarding the possibility of issuing a Renminbi stablecoin, Christopher Hui stated that there are no restrictions on the pegged currency, but if it involves other regional currencies, it may be necessary to discuss with relevant institutions. Christopher Hui emphasized that the government will take the lead in promoting stablecoin applications, especially focusing on cross-border payment scenarios, to help developing countries cope with currency devaluation and financial system risks. He also revealed that Hong Kong will promote the tokenization of financial assets in the future. Following green bonds, the next step is expected to extend to exchange-traded funds (ETFs), and he believes that commodity trading such as metals can also be studied for payment with tokens. [BlockBeats]

Hong Kong Secretary for Financial Services and the Treasury Christopher Hui: Only a small number of stablecoin licenses will be issued in the first phase

July 13th: Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, stated in an interview that only a small number of stablecoin licenses would be issued in the first phase. As for whether a RMB-based stablecoin could be issued, Yue mentioned that there are no restrictions on the pegged currency; however, if it involves currencies from other regions, it may be necessary to consult with relevant institutions. Yue emphasized that the government will take the lead in promoting stablecoin applications, especially focusing on cross-border payment scenarios to help developing countries cope with currency devaluation and financial system risks. He also revealed that Hong Kong will promote the tokenization of financial assets in the future. Following green bonds, the next step is expected to extend to the trading of Exchange-Traded Funds (ETFs), and he believes that commodity trading, such as metals, can also be explored for tokenized payments. [BlockBeats News]

Hong Kong Treasury Bureau's James Lau: Only a small number of stablecoin licenses will be issued in the first phase

According to cable news reports, Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, said in an interview that only a small number of stablecoin licenses will be issued in the first phase. As for whether a Renminbi stablecoin can be issued, he said that the law does not restrict the types of currencies pegged, but if it involves other regional currencies, it may be necessary to discuss with relevant institutions. He also revealed that Hong Kong will promote the tokenization of financial assets in the future. Following green bonds, the next step is expected to extend to exchange-traded funds (ETFs), and he believes that commodity trading such as metals can also be studied for payment with tokens. [Wu Shuo]

Christopher Hui: Stablecoin licenses to be issued in limited quantities in the first phase; tokenization of financial assets to be extended to ETFs

On July 13 (UTC+8), Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, stated in an interview that only a small number of stablecoin licenses will be issued in the initial stage. Regarding the issuance of RMB stablecoins, Hui pointed out that the law does not restrict the linked currencies, but if it involves currencies from other regions, it may be necessary to negotiate with relevant institutions. He emphasized that the government will actively promote the application of stablecoins, especially in the field of cross-border payments, to help developing countries cope with currency devaluation and financial risks. Hui also mentioned that Hong Kong will promote the tokenization of financial assets. Following green bonds, the next step will be to expand the target to exchange-traded funds (ETFs) and study token payments for commodities such as metals. (Source: Mlion.ai) [MetaEra]

On July 13, Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, stated in an interview with i-CABLE Finance Channel's "Wealth Wise" that only a limited number of stablecoin licenses will be issued in the first phase. Regarding the possibility of issuing RMB stablecoins, he said that the law does not restrict the pegged currency, but if it involves other regional currencies, it may be necessary to consult with relevant institutions.

Christopher Hui emphasized that the government will take the lead in promoting the application of stablecoins, especially focusing on cross-border payment scenarios, to help developing countries cope with currency devaluation and financial system risks. He also revealed that Hong Kong will promote the tokenization of financial assets in the future. Following green bonds, the next step is expected to extend to exchange-traded funds (ETFs), and he believes that commodity trading such as metals can also be studied for payment with tokens. [Deep Tide TechFlow]

Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, stated in an interview with Cable News' "Wealth Wise" that only a small number of stablecoin licenses will be issued in the first phase. Regarding the possibility of issuing RMB stablecoins, he said that the law does not restrict the pegged currency, but if it involves other regional currencies, it may be necessary to discuss with relevant institutions.

Christopher Hui emphasized that the government will take the lead in promoting the application of stablecoins, especially focusing on cross-border payment scenarios, to help developing countries cope with currency devaluation and financial system risks. He also revealed that Hong Kong will promote the tokenization of financial assets in the future. Following green bonds, the next step is expected to extend to exchange-traded funds (ETFs), and he believes that commodity trading such as metals can also be studied for payment with tokens. [ChainCatcher]

香港财政司司长Christopher Hui在一次采访中表示，稳定币监管的第一阶段将只发放少量牌照。关于是否可以发行人民币稳定币，他表示目前对挂钩货币没有限制，但如果涉及其他地区货币，可能需要与相关机构进行咨询。[Foresight News]

香港金融服务及财政司司长表示，首阶段将只发放少量稳定币牌照，未来将推动包括ETF在内的资产通证化。

香港財政司司長Christopher Hui在一次採訪中表示，穩定幣監管的第一階段將只發放少量牌照。關於是否可以發行人民幣穩定幣，他表示目前對掛鉤貨幣沒有限制，但如果涉及其他地區貨幣，可能需要與相關機構進行諮詢。[Foresight News]