TechFlow news, June 16 — According to Jinshi Data, Hong Kong's Financial Secretary Paul Chan recently wrote an article stating that with the booming digital asset market, demand for stablecoins is expected to further increase. Stablecoins can serve as a medium of exchange beyond the time and geographical constraints of traditional payments, and their programmable features can enable diverse innovative solutions, automating and intelligentizing financial service processes. Noting strong interest from many market participants, after the enactment of the Stablecoin Ordinance, the Hong Kong Monetary Authority will promptly process received license applications, enabling qualified applicants to commence operations.
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