Hong Kong Legislative Council member Wu Jiezhuang: Stablecoin regulatory framework passed, there is room for development in Hong Kong

According to BlockBeats, on June 22, Hong Kong Legislative Council member Wu Jiezhuang stated that after the stablecoin regulatory framework is passed, there is significant room for the development of stablecoins in Hong Kong, which will become a combination of innovative finance and the real economy.

Wu Jiezhuang welcomes internet companies and financial institutions to issue stablecoins in Hong Kong, but reminds retail investors to understand investment risks, maintain a cautious attitude, and avoid greed.