Paul Chan: Hong Kong's stablecoin emphasizes protecting investors and the stability of the financial system

according to Aastocks, Hong Kong Financial Secretary Paul Chan Mo-po stated at the Belt and Road Summit that artificial intelligence is a key driver of digital innovation. Hong Kong has already made the development of artificial intelligence a policy priority and is actively promoting the development of related data, capital, and talent. Chan Mo-po also pointed out that Hong Kong has introduced a licensing system for virtual asset exchanges and stablecoins, emphasizing that a prudent and risk-based approach will be taken to safeguard the stability of investors and the financial system.