TechFlow news, October 19: Hong Kong's Financial Secretary Paul Chan published a blog post titled "From New York to Washington," in which he noted his attendance at the annual meetings of the International Monetary Fund and the World Bank Group. Economies present recognized that the influence of digital assets is expanding rapidly, and related blockchain technology already has numerous real-world applications—particularly in promoting regional trade and improving the efficiency and addressing pain points of cross-border settlements. Stablecoins and other digital assets hold significant development potential. He emphasized that international collaboration should be strengthened to prudently manage the risks these assets may pose to financial system stability.
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