TechFlow news, August 26 — According to the Ta Kung Pao, National Committee member of the Chinese People's Political Consultative Conference Yao Zhisheng published an article titled "Focusing on Three Major Themes to Promote High-Quality Development in Hong Kong," pointing out that stablecoins pegged to legal tender possess not only the openness, transparency, decentralization, and global attributes conferred by blockchain technology and distributed ledgers to cryptocurrencies, but also the feature of value stability inherent in fiat currencies. As an international financial center and the world's largest offshore RMB business hub, Hong Kong should leverage its "one country, two systems" advantage to seize the high ground in stablecoin development, strive to become a global stablecoin issuance hub, and strengthen its role as a "digital finance hub."
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
