Director of the Hong Kong Treasury Bureau: Only a small number of stablecoin licenses will be issued in the first phase, and the tokenization of assets such as ETFs will be promoted in the future
By: odaily.com|2025/07/13 11:36:34
0
Share
Odaily News In an interview, Hong Kong Financial Services and Treasury Bureau Director Paul Hui said that only a small number of licenses will be issued in the first phase of stablecoin regulation. Regarding whether the RMB stablecoin can be issued, he said that there is currently no restriction on the pegged currency, but if it involves other regional currencies, it may be necessary to negotiate with relevant institutions.
Xu Zhengyu pointed out that the government will take the lead in promoting the application of stablecoins in cross-border payments and other fields to help developing countries cope with currency depreciation and financial system risks. He also revealed that Hong Kong will promote the tokenization of financial assets in the future. Following green bonds, the next step will be to explore token payment methods for commodities such as ETFs and metals.
You may also like
Morning Report | BitMine increased its holdings by 126,971 ETH last week; trader Eugene announced his exit from the crypto market
Overview of Important Market Events on June 8th
Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle
In-depth analysis of the "reflexivity" bubble trap in storage stocks: Beware of the backlash from the bullwhip effect and the false narrative of high growth; do not let the short-term myth of wealth become a wealth abyss that cannot be recovered for 25 years.
Get Paid to Onboard? Try WEEX’s New Homepage with Rewards for Registration, Deposit & Trade
WEEX just launched a brand new homepage and a 3-step new user onboarding guidance. Complete Registration → Deposit → Trade to earn exclusive rewards. Faster navigation, clear progress, and instant bonuses. Download the latest WEEX App to try it now.
WEEX Custom Layout: Build Your Perfect Trading Workspace in Seconds
WEEX introduces custom layout on futures trading page: left/right panel switch, hide/show core modules, full-screen focus, and one-click reset. Trade your way now.
See “Buy Walls” & “Sell Walls” Instantly: WEEX Launches the Depth Chart for Smarter Trades
Spot market liquidity at a glance. WEEX’s new Depth Chart shows you buy/sell walls, support & resistance levels, and order book depth. Perfect for large orders and scalping. Try it now on WEEX Futures.
What Is Quick Trade on WEEX? 2 Ways WEEX Ends Chart-Panel Jumping
WEEX has launched the quick trade features on futures trading, allowing you to place orders directly on the price axis. No more switching panels. 4 order units supported. Live on WEEX Futures Web.
Morning News | Five major virtual asset platforms in South Korea have experienced 57 incidents of hacking and system failures in six years; Grayscale submits registration application for Canton ETF
Overview of Important Market Events on June 7th
Should we escape the peak? The principle of the tail-end market in the stock market
The truth behind the Rockefeller escape myth: the end of the bull market is not due to overheating emotions, but rather the exhaustion of new funds. Currently, market buying volume has been concentrated and released, so it is advised to be cautious of "tail-end market trends" and gradually take prof...
RootData: May 2026 Cryptocurrency Exchange Transparency Research Report
In May, the spot trading volume of cryptocurrency exchanges was $725.7 billion, a slight decrease of 2.2% compared to April, marking the fifth consecutive month of decline since January, reflecting the overall trend of the market's continued movement.
Founder of Baixing.com: My Experience with Claude Code in Fourteen Points
Treat Claude Code as a horse (or as a person), not as a car. A car turns under its own command, while a horse has its own ideas; we just need to set the goals and boundaries.
Yang Ge Gary: Agent Economics and AI Microeconomics
After the singularity explosion, the evolution clock of AI accelerated continuously, leading to the rapid formation of new civilizational generations in different regions around the world.
When reasoning becomes a scarce resource, who captures its value?
The company that ultimately wins will not be the one with the most GPUs, but the one that can tell you which GPUs are available where and at what price, and route each workload to where it can run at the lowest cost.
Jensen Huang dramatically "rescues" the South Korean stock market
The entire industry supply chain—from wafers to packaging to silicon photonics... everything is in short supply due to such high demand. This situation will last for several years.
Stablecoins vs Deposit Tokens: On the surface, they seem like opposing sides, but in reality, they are interconnected
Great powers compete for standards, while small countries build barriers.
Bitcoin Crash to $50,000 or Bear Trap Before $100,000? Deep Dive for WEEX Traders
Is Bitcoin heading to $50k or getting ready to blast off to $100k? Check out this breakdown of liquidations, ETF flows, and whales buying the dip.
How Could the SpaceX IPO Affect Bitcoin, Altcoins season, and Crypto Liquidity?
Will the SpaceX IPO affect Bitcoin prices? Discover how SpaceX's reported BTC holdings, crypto liquidity shifts, ETF outflows, and the biggest IPO in history could impact Bitcoin and the broader crypto market.
The ambitions of Kalshi, MTS, and a16z
The prediction market may be the only field in 2025 that can collectively excite prestigious dollar fund investors, digital currency enthusiasts, and media professionals.
The AI bubble is bursting
In the clamor of the bubble, the potential of the underlying productivity is not inflated at all.
Morning Report | BitMine increased its holdings by 126,971 ETH last week; trader Eugene announced his exit from the crypto market
Overview of Important Market Events on June 8th
Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle
In-depth analysis of the "reflexivity" bubble trap in storage stocks: Beware of the backlash from the bullwhip effect and the false narrative of high growth; do not let the short-term myth of wealth become a wealth abyss that cannot be recovered for 25 years.
Get Paid to Onboard? Try WEEX’s New Homepage with Rewards for Registration, Deposit & Trade
WEEX just launched a brand new homepage and a 3-step new user onboarding guidance. Complete Registration → Deposit → Trade to earn exclusive rewards. Faster navigation, clear progress, and instant bonuses. Download the latest WEEX App to try it now.
WEEX Custom Layout: Build Your Perfect Trading Workspace in Seconds
WEEX introduces custom layout on futures trading page: left/right panel switch, hide/show core modules, full-screen focus, and one-click reset. Trade your way now.
See “Buy Walls” & “Sell Walls” Instantly: WEEX Launches the Depth Chart for Smarter Trades
Spot market liquidity at a glance. WEEX’s new Depth Chart shows you buy/sell walls, support & resistance levels, and order book depth. Perfect for large orders and scalping. Try it now on WEEX Futures.
What Is Quick Trade on WEEX? 2 Ways WEEX Ends Chart-Panel Jumping
WEEX has launched the quick trade features on futures trading, allowing you to place orders directly on the price axis. No more switching panels. 4 order units supported. Live on WEEX Futures Web.
Popular coins
Latest Crypto News
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
