PANews reported on July 13 that according to Cable News, Hong Kong Financial Services and Treasury Secretary Paul Chan said in an interview that only a small number of stablecoinPANews reported on July 13 that according to Cable News, Hong Kong Financial Services and Treasury Secretary Paul Chan said in an interview that only a small number of stablecoin
Xu Zhengyu: A small number of stablecoin licenses will be issued in the first phase, and the tokenization of financial assets is expected to extend to ETFs
PANews reported on July 13 that according to Cable News, Hong Kong Financial Services and Treasury Secretary Paul Chan said in an interview that only a small number of stablecoin licenses will be issued in the first phase. As for whether the RMB stablecoin can be issued, he said that the law does not restrict the pegged currency, but if it involves other regional currencies, it may be necessary to discuss with relevant institutions. The government issued the Digital Asset Development Policy Declaration 2.0 and also proposed to promote the "tokenization" of financial assets. Paul Chan said that Hong Kong already has experience in issuing token green bonds, and the next step is to extend it to exchange-traded funds ETFs, and believes that commodity transactions such as metals can also be studied in token payments.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Yarm Explained: Turning Trust and Tweets into Yield
tl;dr: Yarm is a new platform by Mitosis and Kaito AI that turns social influence into onchain yield. Yappers earn Mindshare by posting…Continue reading on Coinmonks »
Share
Medium2025/09/18 14:43
Crossmint Partners with MoneyGram for USDC Remittances in Colombia
TLDR Crossmint enables MoneyGram’s new stablecoin payment app for cross-border transfers. The new app allows USDC transfers from the US to Colombia, boosting financial inclusion. MoneyGram offers USDC savings and Visa-linked spending for Colombian users. The collaboration simplifies cross-border payments with enterprise-grade blockchain tech. MoneyGram, a global leader in remittance services, launched its stablecoin-powered cross-border [...] The post Crossmint Partners with MoneyGram for USDC Remittances in Colombia appeared first on CoinCentral.
Share
Coincentral2025/09/18 21:02
US SEC suspends trading in shares of digital asset treasury firms QMMM and Smart Digital
PANews reported on September 30th that the U.S. Securities and Exchange Commission (SEC) has suspended trading in QMMM Holdings Ltd.'s stock after its share price surged nearly 1,000% in less than three weeks, according to Bloomberg. The SEC stated on Monday that recommendations to buy QMMM stock posted on social media by "unidentified individuals" may have manipulated its share price. Since QMMM announced earlier this month that it would establish a "diversified cryptocurrency treasury" with an initial investment of $100 million, targeting investments in Bitcoin, Ethereum, and Solana, its share price has surged 959%. The SEC stated that the trading suspension is a temporary measure and will end at 11:59 PM EST on October 10th. On Monday, the SEC also suspended trading in Smart Digital Group Ltd.'s shares for similar reasons. The suspension will also expire at 11:59 PM ET on October 10. The company announced last week that it would establish a "diversified cryptocurrency asset pool," focusing on digital assets like Bitcoin and Ethereum. Since the announcement, its stock price has fallen significantly.
Share
PANews2025/09/30 08:32