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Hong Kong Financial Secretary: Stablecoin Development to Focus on Stability First and Then Progress, Gold Central Clearing System Expected to Be Operational This Year
BlockBeats News, January 16th, according to Aastocks, Hong Kong's Financial Secretary Paul Chan Mo-po mentioned digital assets and crypto assets in his opening remarks at an event. He stated that Hong Kong will further promote the development of stablecoins in the future, but emphasized "seeking stability before seeking progress" to prevent illegal fund inflows and ensure the stability of the financial system.
In addition, Paul Chan Mo-po also pointed out that Hong Kong is actively expanding its gold storage facility capacity, with the goal of increasing the total capacity to 2,000 tons in the next 3 years. They are currently establishing a gold central clearing system and have invited the Shanghai Gold Exchange to participate, aiming to commence operations within this year.
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