Techub News 消息, the Hong Kong Economic Times reported that Zhu Chengyu, co-founder of IDA, a Hong Kong financial technology company, and a member of the third-generation Internet special task force in the Hong Kong Special Administrative Region, said that Stablecoin is a payment tool. Under the regulatory provisions of the Hong Kong "Stablecoin Ordinance," all Stablecoins need to have a legal currency coin as a reserve. Therefore, the value of Stablecoin should not deviate significantly from the value of the legal currency coin behind it. The main application scenario of Stablecoin in Hong Kong is expected to be used as a tool for cross-border trade and investment settlement. He also stated that IDA has always been actively involved in Stablecoin and intends to apply for a Hong Kong Stablecoin license. Zhu Chengyu stated that managing risk should be the primary condition for Stablecoin issuers, including ensuring the security of the Khối chain technology, addressing potential risks in the financial market, and preventing illegal activities such as money laundering through Stablecoin, in order to make the Stablecoin market sustainable.
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Techub News 消息, the Hong Kong Economic Times reported that Zhu Chengyu, co-founder of IDA, a Hong Kong financial technology company, and a member of the third-generation Internet special task force in the Hong Kong Special Administrative Region, said that Stablecoin is a payment tool. Under the regulatory provisions of the Hong Kong "Stablecoin Ordinance," all Stablecoins need to have a legal currency coin as a reserve. Therefore, the value of Stablecoin should not deviate significantly from the value of the legal currency coin behind it. The main application scenario of Stablecoin in Hong Kong is expected to be used as a tool for cross-border trade and investment settlement. He also stated that IDA has always been actively involved in Stablecoin and intends to apply for a Hong Kong Stablecoin license. Zhu Chengyu stated that managing risk should be the primary condition for Stablecoin issuers, including ensuring the security of the Khối chain technology, addressing potential risks in the financial market, and preventing illegal activities such as money laundering through Stablecoin, in order to make the Stablecoin market sustainable.