TechFlow, November 3 — According to Ming Pao, JPMorgan President Daniel Pinto said at the "Hong Kong Women CEOs Summit 2025" that inconsistent regulatory policies on stablecoins across jurisdictions would limit their practical applications such as cross-border micropayments. He believes regulators should embrace new technologies and develop rules addressing their specific risks, rather than completely overhauling existing systems.
Jenny Johnson, President of Franklin Templeton, noted that businesses can grow effectively as long as they understand the rules. Using tokenization as an example, she suggested Hong Kong could adopt principles-based regulation by focusing on core criteria such as "fair treatment of customers."
Carina Lau, former chairperson of HKEX, stated that the HKMA's proactive approach toward stablecoin regulation is heading in the right direction, and regulators should establish a clear and transparent framework.
