Deputy Director of the Department of Justice of Hong Kong: The Basic Law guarantees the free circulation of capital, and the Stablecoin Ordinance effectively controls risks

According to ChainCatcher, according to the Hong Kong Government Press Bulletin, Dr. Zhang Guojun, Deputy Director of the Department of Justice of Hong Kong, said in a forum event: "The Basic Law of Hong Kong guarantees the free circulation of capital and funds, and all investment and commercial activities are strictly regulated and guaranteed. It also establishes a regulatory framework for upholding integrity and innovation to ensure the orderly and healthy development of emerging businesses. This year, the "Stable Coin Ordinance", which is a digital currency, has just been passed to establish a licensing system for the issuance of stablecoins, and promotes financial innovation by improving the regulatory framework for virtual asset activities and effectively controlling risks."