Odaily Planet Daily News: At the "Let's Build, Link the Future, Create a New Web3 Ecology in Hong Kong" AMA event held by OSL, Hong Kong Legislative Council member Ng Kit cheung revealed that the Hong Kong stablecoin bill is currently under review by the Legislative Council, and the Hong Kong Monetary Authority (HKMA) will follow suit to start license application work, providing a clearer and more stable compliance path for the market. In addition, Hong Kong will initiate opinion hearings on OTC and custody licenses, and plans to launch legislation by the end of the year to ensure that both online and offline OTC trading platforms are under effective supervision and build a safer and more transparent market environment. Wu Jiezhuang further stated that the Hong Kong Securities and Futures Commission announced 20 new regulatory measures during the Consensus period in February this year, including inviting top global exchanges to apply for licenses in Hong Kong, simplifying the process of listing on compliant exchanges, and opening up derivative businesses such as pledging/contracts, all of which have long-term potential benefits.