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[Lü Zhihong: Hong Kong's Stablecoin Regulatory Framework Covers the Entire Process to Mitigate Risks] Lü Zhihong, a member of the Hong Kong Stablecoin Review Tribunal and the Web3 Development Task Force, stated that stablecoins may face potential risks such as asset allocation, cybersecurity, and smart contracts. However, Hong Kong's regulatory framework already covers the entire process from entry, operation, to exit, aiming to minimize risks as much as possible. The core objective is to ensure the asset security of stablecoin holders. He pointed out that stablecoin prices are relatively stable and are more inclined to be used as payment tools rather than investment products, with the regulatory focus on safeguarding the security of stablecoin holders' assets.