TechFlow reports, on January 16, according to Aastocks, Hong Kong's Financial Secretary's Office Deputy Secretary for Financial Services and the Treasury, Wong Hei-lun, speaking at an event, addressed digital and crypto assets. He stated that Hong Kong will further promote the development of stablecoins in the future but emphasized "stability first, then progress," aiming to prevent illicit funds from entering and ensuring the stability of the financial system. Additionally, Wong noted that Hong Kong is actively expanding its gold storage facilities, targeting a total capacity increase to 2,000 tons within the next three years. A central clearing system for gold is currently being established, with the Shanghai Gold Exchange already invited to participate, aiming for operational launch within this year.
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