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[Johnny Ng: No Major Changes in the Development of Hong Kong Stablecoins, Progressing Steadily] Hong Kong Legislative Council member Johnny Ng stated in a post that the development of Hong Kong stablecoins will not see major changes and will progress steadily, starting with the local market as a trial, with the goal of expanding to the international market. Hong Kong has already promoted the regulatory sandbox to explore the compliant development of RWA and future regulatory directions. With the influx of Web3 companies into Hong Kong, the demand for developers is rapidly increasing. Johnny Ng will assist the industry in building a talent ecosystem in the future, promoting more developers and practitioners to settle in Hong Kong.

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