Hong Kong Advances Virtual Asset and Gold Markets Amid Legislative Efforts

According to PANews, Hong Kong is actively developing its virtual asset market alongside its gold commodity market, as stated by Xu Zhengyu, Secretary for Financial Services and the Treasury of Hong Kong. The region is set to explore new financial sectors, including fintech, virtual assets, stablecoins, and green finance. Efforts are underway to secure legislative support for establishing a regulatory framework for stablecoins, addressing significant market demand. The next steps involve continuous innovation and expansion into new markets.