PANews reported on July 23 that according to the Hong Kong Wen Wei Po, Ping An Securities released a stablecoin report pointing out that Hong Kong may form a dual-trackPANews reported on July 23 that according to the Hong Kong Wen Wei Po, Ping An Securities released a stablecoin report pointing out that Hong Kong may form a dual-track

Ping An Securities: Hong Kong may adopt dual-track regulation of stablecoins

2025/07/23 11:20
2 min read
For feedback or concerns regarding this content, please contact us at [email protected]

PANews reported on July 23 that according to the Hong Kong Wen Wei Po, Ping An Securities released a stablecoin report pointing out that Hong Kong may form a dual-track regulatory structure of "US dollar stablecoins connecting to the international market + Hong Kong dollar stablecoins connecting to the mainland", which not only consolidates the financial attributes of the Hong Kong dollar, but also provides a "test field" for the internationalization of the RMB. Hong Kong's definition of stablecoins is relatively broad and is not limited to a certain type of legal currency stablecoins. With the rapid development of Hong Kong's stablecoin market, it is expected that the market share of non-US dollar stablecoins will gradually increase, and it is expected to promote the establishment of a unified international regulatory system in the future.

In addition, Ping An Securities also mentioned in the report that the stablecoin business activities regulated by Hong Kong jurisdiction include not only the issuance of specified stablecoins in Hong Kong, China, but also the issuance of stablecoins anchored (or partially anchored) to the Hong Kong dollar outside Hong Kong. China's active layout of the stablecoin market can inject new impetus into the internationalization of the RMB and break the monopoly of the US dollar stablecoin.

Market Opportunity
FORM Logo
FORM Price(FORM)
$0.2017
$0.2017$0.2017
-2.46%
USD
FORM (FORM) Live Price Chart
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 [email protected] 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

Next Block Expo 2026 in Warsaw Brings Institutional Focus to Crypto

Next Block Expo 2026 in Warsaw Brings Institutional Focus to Crypto

The post Next Block Expo 2026 in Warsaw Brings Institutional Focus to Crypto  appeared on BitcoinEthereumNews.com. Warsaw delivered one of the more substantive
Share
BitcoinEthereumNews2026/04/02 19:12
Why Choose Sunriseaccountants.net for Professional Payroll Management

Why Choose Sunriseaccountants.net for Professional Payroll Management

Effective payroll management is an essential component of a successful business operation. It ensures employees are paid accurately and on time, while also maintaining
Share
Techbullion2026/04/02 17:49
Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36

$30,000 in PRL + 15,000 USDT

$30,000 in PRL + 15,000 USDT$30,000 in PRL + 15,000 USDT

Deposit & trade PRL to boost your rewards!