TechFlow News: On February 12, Hong Kong Legislative Council member Gary Ng posted on X, stating that Hong Kong’s gradually relaxed policies will enable licensed firms and industry professionals to fully realize their potential. The Chief Executive of the Hong Kong Special Administrative Region has proposed that the first batch of stablecoin issuer licenses is expected to be issued starting in March this year. This move is anticipated to further enhance societal recognition of and practical adoption of Web3. He suggested that Hong Kong consider establishing a dedicated agency or department to comprehensively coordinate development strategies related to digital and crypto assets—for example, by introducing clear guidelines or regulations to facilitate compliant establishment of decentralized autonomous organizations (DAOs) in Hong Kong, thereby attracting more Tier-1 public blockchain projects to thrive in Hong Kong.
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