Hong Kong Financial Secretary: Promoting issuers to expand stablecoin applications to different scenarios

BlockBeats News: On June 30th, Hong Kong Financial Secretary Paul Chan published his essay "Asia's New Era", stating that the legislation on stablecoins in Hong Kong will come into effect on August 1st this year. The Hong Kong SAR government and financial regulatory agencies will strive to create a favorable market environment, accompanied by necessary regulatory measures, to promote the application of stablecoins by issuers in different scenarios, helping to solve the real pain points of businesses and citizens' lives.