Express

Hong Kong Financial Development Bureau Chief Hung Pi-cheng: Stablecoins Should Not Be Speculative Objects, But a Long-term Battle

Summary: According to Hong Kong Economic Daily, Hong Kong Financial Development Bureau Chairman Hung Pi-cheng recently stated at the annual report release conference that stablecoins should not be speculative objects, as the digitization of asset markets is a long-term battle. Stablecoins should play a stabilizing role and not be viewed with short-sightedness. He believes that Hong ...

According to Hong Kong Economic Daily, Hong Kong Financial Development Bureau Chairman Hung Pi-cheng recently stated at the annual report release conference that stablecoins should not be speculative objects, as the digitization of asset markets is a long-term battle. Stablecoins should play a stabilizing role and not be viewed with short-sightedness. He believes that Hong Kong's development pace is faster than other financial centers.

Last Update:

Tags:
Link: Hong Kong Financial Development Bureau Chief Hung Pi-cheng: Stablecoins Should Not Be Speculative Objects, But a Long-term Battle [Copy]

Last: Whale Exchanges 70 WBTC for 2214 ETH at Exchange Rate of 0.0316

Next: VanEck and Other Institutions Urge US SEC to Approve Ethereum ETF Pledge Applications on 'First Come, First Served' Basis, Unwilling to be Approved in Batches with BlackRock

Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 2 days ago

AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 5 days ago

Can a $300M RWA Fund Save Avalanche's TVL? 6 days ago

Trump Adviser's "Whale Debut" with $680M Bitcoin Bet Faces Early Losses 7 days ago

S&P 500 Enters Key Turning Point Window; A Cautious "Wait-and-See" Approach is Adv... 9 days ago