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Hong Kong to Implement Stablecoin Issuer System, Promote Tokenized Asset Trading: Carrie Lam

Summary: According to sources, Hong Kong Chief Executive Carrie Lam stated in her fourth policy address that the Hong Kong Monetary Authority will encourage commercial banks to introduce tokenized deposits and facilitate the trading of real tokenized assets. Lam noted that Hong Kong is implementing a stablecoin issuer system and proposing legislation for licensing digital asset ...

According to sources, Hong Kong Chief Executive Carrie Lam stated in her fourth policy address that the Hong Kong Monetary Authority will encourage commercial banks to introduce tokenized deposits and facilitate the trading of real tokenized assets. Lam noted that Hong Kong is implementing a stablecoin issuer system and proposing legislation for licensing digital asset trading and custody services, while also enhancing international tax cooperation to combat cross-border tax evasion.

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