Hong Kong progresses with her ambition to become a global center for virtual assets, according to Krustone Hui Cheng Yu, the city’s financial services secretary and the ministry, who revealed that the region explores the distinctive golden code and is looking to create a framework organization for Stablecoins.
Talk to Hong Kong consensus 2025HUI emphasized that Hong Kong is committed to a “review and improvement” of its organizational framework constantly to create a strong ecosystem for the category of encrypted currency assets. This includes developing specific rules for the exchange of virtual assets, Stablecoin, Accedes and trading offices that do not need a prescription.
Hui Kong, added, added, you are trying the currency code through the sand box initiatives, while also looking to the distinctive symbol of gold. The city’s interest in the distinctive symbol of precious metals is presented as a move to update financial tools by taking advantage of the efficiency and security of Blockchain.
Besides the precious metal, Hong Kong officials defend a deeper integration of digital financing with traditional economic activities, including facilitating cross -border payments through digital platforms. Moreover, the city strongly monitors the rapprochement of artificial intelligence with Blockchain and Web3 techniques, which considers this fusion very important to enhance its future digital infrastructure.
The region was noticeable to become a regional encoding center, as it recently began accepting cryptocurrencies as evidence of the wealth of investment immigration.
The gold symbol has been steadily developed
The golden symbol allows ownership of Blockchain -based fractures and trading for precious metals, which enhances its use as a real origin (RWA) on Blockchain.
The amount of the distinctive symbol of gold on Blockchain was growing steadily over time, with data from rwa.xyz He explains that more than $ 1.2 billion of precious metal is traded on Blockchain.
Paxos Gold remains the dominant player in the distinctive golden ecosystem with nearly $ 600 million of Paxg in rotation. It is closely followed by the distinctive symbol of Stablecoin Sessiter Tether, which currently owns $ 560 million at the present time. Among the other younger players Comtech, Aurus and Wisdomtree.
