- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Chairman of Hong Kong Financial Development Board: Stablecoin should not become a speculative target, believe there will be "tokenization" of various assets
By: theblockbeats.news|2025/07/20 19:12:00
0
Share
BlockBeats News, July 20th. According to the Hong Kong Economic Times, on the eve of the implementation of the Hong Kong "Stablecoin Regulation" on August 1st, dozens of companies have expressed their intention to apply for or participate in the stablecoin business. When hosting the annual report release conference, Norman Chan, Chairman of the Hong Kong Monetary Authority, stated that stablecoins should not be speculative instruments. The digitization of asset markets is a long-term strategic move, and stablecoins should play a stabilizing role. One should not have a short-term perspective. He believes that Hong Kong's current development pace is among the leading group in other financial centers.
Norman Chan, who also serves as the CEO of Standard Chartered's international business, mentioned that, to his knowledge, the Monetary Authority will only start accepting issuer applications in August. Stablecoins are one aspect of the digitization of Hong Kong's financial market, allowing the tokenization of transaction currencies. He believes that the next step will involve the tokenization of different assets. However, the development process takes time and will not lead to a comprehensive "tokenization" of Hong Kong within 24 hours.
You may also like
Hong Kong Crypto Ecosystem 2.0: Stablecoins, RWA, and the New Battleground for Financial Institutions
Hong Kong is no longer just a bystander in the cryptocurrency industry, but may become the core hub of the compliant cryptocurrency market in the Chinese-speaking world and even the entire Asia-Pacific region.
Polymarket Arbitrage Bible: The Real Gap is in the Mathematical Infrastructure
While retail investors are still engaged in simple probability addition, top quantitative teams are systematically harvesting millions of dollars in arbitrage profits on Polymarket using hardcore mathematical infrastructure such as integer programming and Bregman projections.
Crypto Barbarians Jupiter Series: Still Owes the Market an Answer
This entrepreneurial team from Singapore and Malaysia has indeed demonstrated its product execution capabilities to the market over the past three years, but they have also fully arbitraged every regulatory gray area with their business logic.
Bank Card Payment vs. Stablecoin Payment: Which is More Suitable for AI Agents?
Using bank cards to serve humanity and relying on stablecoins for high-frequency micro-trading with machines: Setting aside camp biases, a mixed payment architecture is the ultimate goal of AI entities in business.
Zuck is really out of touch! He actually acquired a dated Lobster-based social platform?
The asset pool Meta can now touch is not on the same level as it was in 2012
Key Market Information Discrepancy on March 11th - A Must-See! | Alpha Morning Report
1. Top News: Iran Reportedly Plants Mines in the Strait of Hormuz, Trump Warns of "Unprecedented" Military Strike
2. Token Unlock: $IO
How to Deal with Trump? Accept this "Art of the Deal Playbook"
The U.S. macro research firm The Kobeissi Letter deconstructs its "10-Step Conflict Pattern": Verbal Pressure, Friday Night Raid, Market Triple Bottom Exploration, Conditional Downgrade... concluding with a single "trade" paper.
AI Computing Power Arms Race Intensifies: This Startup Aims to Mine Bitcoin in Space
The next battleground for AI computing power is extending into space, gradually becoming a new frontier in commercial storytelling.
Claude Code launches the /btw feature, Musk X Money set to launch soon, what's the English community talking about today?
What have foreigners been most interested in over the past 24 hours?
Polymarket Arbitrage Bible: The Real Edge is in the Math Infrastructure
Predictive Market-Making Quantitative Arbitrage Logic.
What Is OpenClaw? How The AI Agent Could Automate Crypto Trading Through APIs
OpenClaw is a rapidly growing AI agent on GitHub that can automate tasks and even execute crypto trades through exchange APIs. Learn how OpenClaw works, how it connects to exchanges, and the risks traders should understand before using AI trading agents.
Morning News | Tencent is building an AI intelligent entity for WeChat; Meta announces acquisition of Moltbook; Nvidia plans to launch the AI agent open-source platform NemoClaw
Overview of Important Market Events on March 10
NVIDIA's Jensen Huang's new article: The "Five-Layer Cake" of AI
NVIDIA breaks down AI into a five-layer system consisting of energy, chips, infrastructure, models, and applications, and points out that every successful AI application will pull the entire industrial chain from computing power to electricity downward.
In-depth Analysis of ERC-8183: The Answer to the Trust Issue of Ethereum-Powered AI Agents
In the world of agents, one cannot conquer the world solely with reputation.
Stock Tokenization Revolution: Market Dynamics, Product Architecture, and Regulatory Moat Panorama Report
The integration of the $150 trillion global stock market with blockchain infrastructure is no longer just a proposition—it is happening.
The current Lobster Skill is just yesterday's Fruit Ninja, only meant to get you acquainted.
How Will Lobster Make Its Way into Our Lives?
Key Market Intelligence on March 10th, how much did you miss out on?
1. On-chain Funds: $51.2M USD inflow to Hyperliquid today; $51.2M USD outflow from Arbitrum
2. Biggest Gainers and Losers: $DRV, $OM
3. Top News: Middle East Conflict Sparks Stagflation Trading, Global Stock Markets Shed About $6 Trillion USD
IOSG: From Interest-Bearing Stablecoins to Crypto Credit Products
Bear Market Favors Stablecoin Yield Farming, Rise of Real World Asset (RWA) Lending with Interest-Bearing Stablecoins.
Hong Kong Crypto Ecosystem 2.0: Stablecoins, RWA, and the New Battleground for Financial Institutions
Hong Kong is no longer just a bystander in the cryptocurrency industry, but may become the core hub of the compliant cryptocurrency market in the Chinese-speaking world and even the entire Asia-Pacific region.
Polymarket Arbitrage Bible: The Real Gap is in the Mathematical Infrastructure
While retail investors are still engaged in simple probability addition, top quantitative teams are systematically harvesting millions of dollars in arbitrage profits on Polymarket using hardcore mathematical infrastructure such as integer programming and Bregman projections.
Crypto Barbarians Jupiter Series: Still Owes the Market an Answer
This entrepreneurial team from Singapore and Malaysia has indeed demonstrated its product execution capabilities to the market over the past three years, but they have also fully arbitraged every regulatory gray area with their business logic.
Bank Card Payment vs. Stablecoin Payment: Which is More Suitable for AI Agents?
Using bank cards to serve humanity and relying on stablecoins for high-frequency micro-trading with machines: Setting aside camp biases, a mixed payment architecture is the ultimate goal of AI entities in business.
Zuck is really out of touch! He actually acquired a dated Lobster-based social platform?
The asset pool Meta can now touch is not on the same level as it was in 2012
Key Market Information Discrepancy on March 11th - A Must-See! | Alpha Morning Report
1. Top News: Iran Reportedly Plants Mines in the Strait of Hormuz, Trump Warns of "Unprecedented" Military Strike
2. Token Unlock: $IO
App