Ping An Securities: Hong Kong May Adopt Dual-Track Regulation for Stablecoins
Powered by ChatGPTAccording to Hong Kong Wenhui Net, Ping An Securities released a report pointing out that Hong Kong is accelerating the promotion of stablecoin regulation and application, forming a "USD stablecoin connecting to the international market, HKD stablecoin connecting to the mainland" dual-track regulatory pattern, which not only strengthens the financial attributes of the HKD, but also provides experimental space for the internationalization of the RMB. The report mentioned that the Hong Kong "Stablecoin Ordinance" has clearly defined the regulatory scope of "specified stablecoins," and guides institutions to test compliance solutions in scenarios such as HKD stablecoin cross-border payments and embedded financial products through regulatory sandboxes and stress testing mechanisms. [Wu Blockchain]