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

By: theblockbeats.news|2025/12/14 11:16:04
0
Share
copy

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.

-- Price

--

You may also like

Reduced to a hacker's ATM yet standing tall, the theft of Venus reflects the awkwardness of DeFi

After experiencing over $100 million in bad debts in at least four incidents, Venus remains the leading player in the lending sector on the BNB Chain, making it a rare "survivor" in the crypto space.

Under geopolitical conflicts, a policy window has opened. Can Hong Kong seize this wave of RWA opportunities?

The RWA wave sweeps the globe: the scale of on-chain real assets surged fourfold in one year, exceeding 25 billion USD. Hong Kong, backed by the mainland's "going out" policy window, is accelerating the tokenization process of physical assets from entertainment to real estate.

For Web3, this time Cai Wensheng is determined to get his hands dirty

This industry has experienced too many undignified endings; a bull market and a recovery cannot solve the problem. In the end, it will rely on projects that truly succeed and ecosystems that are genuinely established to win a dignified victory for the crypto OGs.

Ethereum Foundation Sets Up a "Dead Man's Switch," Will the Community Buy It?

The Ethereum Foundation's Manifesto Has Torn the Community Apart: Punk Idealism or Disconnect from Reality?

ConversationArthur Hayes: AI Will Spark Financial Crisis, Wait for Central Bank Money Printing Before Buying Bitcoin

「War Means Printing Money, and Printing Money is Good for Bitcoin」

From Power to Chip: How the Average Person Can Participate in the Wealth Opportunities of the AI Era

Everyone is talking about AI applications, but the real money-maker is the person selling the "shovel."

Popular coins

Latest Crypto News

Read more