TechFlow news, August 30 — According to Hong Kong media Oriental Daily, Wong Chun-sik, a member of the Legislative Council's committee on the stablecoin ordinance bill and a legislative councilor, urged regulators to complete licensing for licensed stablecoin issuers and publish the list as soon as possible after thorough and rigorous review, so that the public can invest in and use stablecoins under legal protection and regulation. Wong stated that practical applications of stablecoins are still being explored, and therefore there should be no room for speculation. Given recent market incidents involving hype and fraud, he called for enhanced public awareness and education efforts regarding various digital assets to raise vigilance and prevent people from falling into scams.
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