Hong Kong Treasury Official Simon Yiu: Stablecoin Issuers Licensing Regime Will Drive Substantive Use Case Development

By: theblockbeats.news|2025/07/04 19:36:44

0

Share

copy

BlockBeats News, July 4th, Today at the Hong Kong Digital Finance Awards 2025 ceremony, Christopher Hui, the Secretary for Financial Services and the Treasury of Hong Kong, stated that Hong Kong is actively promoting the development of digital assets. A regulatory framework has been gradually established to balance risk management, investor protection, and industry growth, promoting the sustainable development of Hong Kong's digital asset ecosystem.

Christopher Hui mentioned that the Hong Kong Stock Exchange has developed the first batch of digital asset indices in Hong Kong, providing investors with a transparent and reliable Bitcoin and Ethereum price benchmark in the Asian time zone, supporting Hong Kong's development as a leading digital asset hub in Asia. The upcoming licensing regime for stablecoin issuers, starting next month, will help advance the development of substantive use cases and support Hong Kong's growth as a leading digital asset hub in Asia. (Sina Finance)

You may also like

Block's 40% Workforce Reduction Due to 'AI Cost Reduction,' Anthropic Denies US Department of Defense Request, What Are Global Cryptocurrency Communities Talking About Today?

Block's 40% Workforce Reduction Due to 'AI Cost Reduction,' Anthropic Denies US Department of Defense Request, What Are Global Cryptocurrency Communities Talking About Today?

What's Been Top of Mind for Expats in the Last 24 Hours?

Why is Wall Street **Shorting** Crypto's **Poster Child** Strategy?

Why is Wall Street Shorting Crypto's Poster Child Strategy?

The short interest median for S&P 500 Index constituents has risen to 2.7%, with Strategy having the highest short interest as a percentage of market cap at 14% among all constituents.

Beyond the Financials, Nvidia's True Risk and Opportunity

Beyond the Financials, Nvidia's True Risk and Opportunity

If the market can remain confident in NVIDIA achieving a high single-digit revenue compound annual growth rate (CAGR) after the 2027 fiscal year, the valuation midpoint may receive support

Citrini Lingering Echo

Citrini Lingering Echo

Doomscrolling, Anxiety Picks Up the Tab

Wintermute: Cryptocurrency Volatility Plummets as Retail Investors Flock Madly to US Stocks

Wintermute: Cryptocurrency Volatility Plummets as Retail Investors Flock Madly to US Stocks

Retail investors are flocking to the stock market at a record pace, causing the relationship between the crypto market and the stock market to shift from "correlated" to "see-saw."

Bloomberg: Romania Presidential Election Meddled by Crypto Traders

Bloomberg: Romania Presidential Election Meddled by Crypto Traders

The Romanian Election Puzzle Under Digital Manipulation.

WEEX P2P merchant referral program | Invite and earn up to 100 USDT each!

WEEX P2P merchant referral program | Invite and earn up to 100 USDT each!

WEEX P2P is launching the "Merchant Referral Program" to build a stronger P2P merchant community and boost market liquidity. Refer potential merchants to join WEEX P2P and both of you can earn rewards.

Key Market Information Discrepancy on February 27th - A Must-See! | Alpha Morning Report

Key Market Information Discrepancy on February 27th - A Must-See! | Alpha Morning Report

1. Top News: After 23 days, ETH from Vitalik's "Project Budget" address has been fully sold 2. Token Unlock: $YGG

The Circle Beautiful Money Report: Is the True Winner of Stablecoins Not the Issuer?

The Circle Beautiful Money Report: Is the True Winner of Stablecoins Not the Issuer?

Circle Q4 Earnings Report, $733 Million Reserve Revenue Earned, 63% Passed to Channel Partners.

Opinion: Bitcoin's 10-point Plunge Wasn't All Jane Street's Fault

Opinion: Bitcoin's 10-point Plunge Wasn't All Jane Street's Fault

The real issue is not Jane Street, but the price discovery blackbox of the ETF era.

Milestone AI-driven Layoff, a 50% Reduction in Force, Resulting in Unquestionable Capital Market Approval

Milestone AI-driven Layoff, a 50% Reduction in Force, Resulting in Unquestionable Capital Market Approval

The God of Fish is right, AI is changing not human skills, but companies' organizational structure.

WEEX P2P upgrade: Ad posting now available for regular users

WEEX P2P upgrade: Ad posting now available for regular users

To further improve liquidity and user participation in the P2P market and create a more open and efficient trading environment, WEEX now allows regular users to post ads on P2P. This update allows non-merchant users to post ads, opening up greater participation in the P2P marketplace.

Dovey Wan: The Great Liquidity Schism, Bitcoin May Never Keep Up with ARKK

Dovey Wan: The Great Liquidity Schism, Bitcoin May Never Keep Up with ARKK

If you are a volatility harvesting trader, 2026 will be the "Golden Year."

Market Key Insights for February 26th, How Much Did You Miss?

Market Key Insights for February 26th, How Much Did You Miss?

1. On-chain Funds: $50.1M USD flowed into Ethereum this week; $84.3M USD flowed out of Arbitrum 2. Largest Price Swings: $POWER, $ARC 3. Top News: Influenced by Musk's tweet "Gork returns today," veteran Meme coin gork surged over 520% intraday

L1 Value Capture Shrinks Significantly, ETH, SOL, HYPE Struggle to Return to All-Time High

L1 Value Capture Shrinks Significantly, ETH, SOL, HYPE Struggle to Return to All-Time High

Data Dive: Why is the Peak of On-Chain Fees Always Short-Lived? How to Escape the "Revenue-Price" Trap?

Exploring the ‘Super Cycle’ in Artificial Intelligence: Insights from Brad Gerstner

Exploring the ‘Super Cycle’ in Artificial Intelligence: Insights from Brad Gerstner

Key Takeaways The concept of a ‘super cycle’ in AI technology is gaining traction, spearheaded by industry experts.…

Children and Trump’s Investment Program: Billionaires’ Contributions to “Trump Accounts”

Children and Trump’s Investment Program: Billionaires’ Contributions to “Trump Accounts”

Key Takeaways: President Donald Trump has introduced the “Trump Accounts” program, massively funded by billionaires to provide financial…

Could Stablecoins Resolve U.S. Debt? Standard Chartered Predicts $1 Trillion in Treasury Demand

Could Stablecoins Resolve U.S. Debt? Standard Chartered Predicts $1 Trillion in Treasury Demand

Key Takeaways Projected Growth: The stablecoin market could see its capitalization soar to $2 trillion by 2028, significantly…

Block's 40% Workforce Reduction Due to 'AI Cost Reduction,' Anthropic Denies US Department of Defense Request, What Are Global Cryptocurrency Communities Talking About Today?

What's Been Top of Mind for Expats in the Last 24 Hours?

Why is Wall Street Shorting Crypto's Poster Child Strategy?

The short interest median for S&P 500 Index constituents has risen to 2.7%, with Strategy having the highest short interest as a percentage of market cap at 14% among all constituents.

Beyond the Financials, Nvidia's True Risk and Opportunity

If the market can remain confident in NVIDIA achieving a high single-digit revenue compound annual growth rate (CAGR) after the 2027 fiscal year, the valuation midpoint may receive support

Citrini Lingering Echo

Doomscrolling, Anxiety Picks Up the Tab

Wintermute: Cryptocurrency Volatility Plummets as Retail Investors Flock Madly to US Stocks

Retail investors are flocking to the stock market at a record pace, causing the relationship between the crypto market and the stock market to shift from "correlated" to "see-saw."

Bloomberg: Romania Presidential Election Meddled by Crypto Traders

The Romanian Election Puzzle Under Digital Manipulation.

Popular coins

Latest Crypto News

21:43

Analyst: The net holdings of long-term Bitcoin holders continue to increase, while the market turnover rate declines

According to on-chain analyst Murphy (@Murphychen888), the net position change of Bitcoin long-term holders (LTH) continues to show an upward trend.Data shows that from February 13 to February 26, a total of 14,127 Bitcoins held by long-term holders were spent, while 19,798 Bitcoins held by short-te...

21:43

Feng Bo strongly supports Haseeb: He is the backbone of Dragonfly and the "most dazzling star" among the investors I know

Dragonfly Capital founder Feng Bo posted on X: "I rarely speak on X, but this time I want to clarify some facts. When I initially founded Dragonfly, it was a fund of funds. Through this business, I met many very talented venture capitalists, among whom Haseeb Qureshi is undoubtedly the brightest sta...

21:43

Data: The current whale position on the Hyperliquid platform is $3.017 billion, with a long-short position ratio of 0.97

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $3.017 billion, with long positions of $1.488 billion, accounting for 49.33% of the holdings, and short positions of $1.528 billion, accounting for 50.67%. The profit and loss for long positions is -$116 mi...

21:43

Data: "Suspected HYPE Coin Listing Insider" whale's unrealized loss narrows but still exceeds 13 million dollars, with an average holding price of 38 dollars

According to monitoring by Hyperinsight, due to today's rebound of HYPE, the "suspected insider whale address for HYPE listing" (0x082e...) has seen its floating losses on HYPE long positions continue to narrow.Data shows that the loss amount for this position has decreased from 15.33 million dollar...

21:43

Bitcoin ETF and Treasury companies heavily buying $60,000 protective put options

According to market news, large Bitcoin ETF holders and treasury companies have recently concentrated their purchases of BTC put options with a strike price of $60,000 and below, with maturities of 6 months and 1 year on Deribit, as a hedge against a price drop below $60,000.Deribit stated that the ...