TechFlow, September 3 — According to Barron's, Hong Kong legislative councilor Ng Kin-chung revealed that Hong Kong's stablecoin regulations are strict, with the first stablecoin license expected to be issued in early 2026. He stated that the Hong Kong Legislative Council will also initiate legislation on offline OTC trading next year to further improve the Web3 ecosystem. The councilor believes digital assets are an inevitable trend, with multiple countries already including digital assets such as Bitcoin in their reserves. He emphasized Hong Kong's unique advantages in developing the Web3 sector, including no foreign exchange controls, low tax rates, and access to the mainland market.
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