Hong Kong Financial Secretary Paul Chan Mo-po: Stablecoins and other digital assets have development potential, and international cooperation should be used to manage risks

PANews According to news on October 19, Hong Kong Financial Secretary Paul Chan Mo-po published the Secretary's essay "From New York to Washington", which pointed out that he attended the annual meetings of the International Monetary Fund and the World Bank Group. Members of various economies have realized that the influence of digital assets is accelerating. Related blocks Chain technology also has many application scenarios in reality, especially in promoting intra-regional trade and solving cross-border settlement efficiency and pain points. Among them, digital assets such as stable coins have considerable development potential. International cooperation should be strengthened to prudently manage the risks they bring to the stability of the financial system.
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