Hong Kong Association of Banks: Will explore the potential value of digital assets for industry development

ChainCatcher news, according to reports from the Hong Kong Economic Journal, the Hong Kong Association of Banks welcomes the measures proposed in the new "Financial Budget," stating that these measures will help promote market diversification and explore new growth points, injecting new momentum into the local economy.

The Hong Kong Association of Banks stated that as the Hong Kong government is about to publish the second development policy declaration for virtual assets and submit a bill for the regulatory framework for the introduction of fiat-backed stablecoin issuers, the industry will explore the potential value brought by digital asset technology for industry development while balancing risk management and business growth, contributing to Hong Kong's development as a global digital asset hub.