Jie Zhuang Ng: The development of stablecoins in Hong Kong will steadily move forward, and various industries can explore bold experiments combining RWA with Web3
BlockBeats News, December 14th. Hong Kong Legislative Councilor Wu Chi-chung stated in a post that he will continue to promote Hong Kong's Web3 development and share his views on topics such as the future of stablecoins and RWA development as follows:
He believes that there will be no major changes in the development of stablecoins in Hong Kong, and progress will continue steadily. The Stablecoin Bill was passed by the 7th Legislative Council after a long period of brewing and discussion. The overall development will align with the international and Hong Kong's actual financial environment, moving forward steadily. It will start with the local market as a trial and aim to develop the international market, leveraging Hong Kong's position as a financial and innovation center.
RWA is a topic that is currently being discussed more in the traditional and Web3 industries. Hong Kong has already promoted regulatory sandboxes, believing that under the sandbox, the importance of exploring compliant development and the future direction of regulation will be emphasized. It is believed that different industries can boldly explore the integration of Web3 technology, which can drive the development of a large number of real-world applications.
The demand for developers is rapidly increasing. More and more companies are establishing their presence in Hong Kong, including Web3 public chains, compliant trading platforms, and underlying infrastructure. The success of developers is closely related to innovative companies, and in the future, efforts will be made to help the industry build a talent ecosystem to attract more developers and professionals to settle in Hong Kong.
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?

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

Beyond the Financials, Nvidia's True Risk and Opportunity

Citrini Lingering Echo

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

Bloomberg: Romania Presidential Election Meddled by Crypto Traders
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

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

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

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

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

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

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

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