Xu Zhengyu: The public consultation for digital asset trading service providers and custodial service providers in Hong Kong will end at the end of the month

ChainCatcher news, according to the Hong Kong Radio website, the Secretary for Financial Services and the Treasury, Christopher Hui, stated that tokenization, as a hot topic in global fintech, is profoundly changing the way financial markets operate. Hong Kong has made significant achievements in the field of tokenization, establishing a leading position globally.

In terms of optimizing the legal and regulatory framework, the stablecoin bill has come into effect since August 1 of this year, providing a clear regulatory framework for stablecoin issuers, while public consultations for digital asset trading service providers and digital asset custodians are currently ongoing and will conclude by the end of this month.