Wu Jiezhuang: It is expected that the first stablecoin license will be issued in early 2026

According to Foresight News, according to Barron's report, Hong Kong Legislative Council member Wu Jiezhuang revealed that Hong Kong's stablecoin regulatory regulations are strict and it is expected that the first stablecoin license will be issued in early 2026. He said that the Hong Kong Legislative Council will also launch legislative procedures for offline OTC transactions next year to further improve the Web3 ecosystem. Member Wu believes that digital assets have become a general trend, and many countries have included digital assets such as Bitcoin in their reserves. He stressed that Hong Kong has unique advantages in developing the Web3 field with no foreign exchange controls, low tax rates and backing to the mainland market.
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