TechFlow, on September 19, according to a Hong Kong government press release, Dr. Kenneth Cheung, Deputy Secretary for Justice of Hong Kong, said in a forum speech: "Hong Kong's Basic Law guarantees the free flow of capital and funds. All investments and business activities are strictly regulated and protected, and we have established a compliant yet innovative regulatory framework to ensure emerging businesses can develop in an orderly and healthy manner. In August this year, the Stablecoin Ordinance was just passed, introducing a licensing regime for the issuance of stablecoins—digital currencies—to improve the regulatory framework for virtual asset activities, effectively manage risks, and promote financial innovation."
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