Li Jiachao: Hong Kong is implementing the stablecoin issuer system to promote tokenized asset trading

According to ChainCatcher, according to Kim Shi, the Chief Executive of the Hong Kong Special Administrative Region, Lee Ka-chao, said in his fourth policy address during his tenure that the Hong Kong Monetary Authority will promote commercial banks to launch tokenized deposits and promote real tokenized asset transactions. Li Jiachao pointed out that Hong Kong is implementing the stablecoin issuer system and formulating legislative suggestions for licensing system for digital asset trading and custody services, while strengthening international tax cooperation to combat cross-border tax evasion.