PANews July 31 news, Song Ke, Executive Vice President of the Shenzhen Research Institute of Renmin University of China, stated that the Hong Kong "Stablecoin Regulation" is the world's first comprehensive regulatory framework for fiat stablecoins. From a global perspective, this regulation has a demonstrative effect on the formulation of stablecoin policies. In his view, after the implementation of the "Stablecoin Regulation", relevant institutions will be able to quickly translate the previous


The pilot experience accumulated over the period has been converted into actual products, accelerating the promotion of Chinese incense.
The formation of the stablecoin ecosystem in the Hong Kong region. In addition, by promoting the digital renminbi and the Hong Kong dollar stablecoin, dependence on the US dollar clearing and settlement system can be gradually reduced.
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