Hong Kong Treasury Bureau's James Lau: Only a small number of stablecoin licenses will be issued in the first phase

By: theblockbeats.news|2025/07/13 11:51:48

BlockBeats News, July 13th: Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, stated in an interview that only a small number of stablecoin licenses would be issued in the first phase. As for whether a RMB-based stablecoin could be issued, Yue mentioned that there are no restrictions on the pegged currency; however, if it involves currencies from other regions, it may be necessary to consult with relevant institutions.

Yue emphasized that the government will take the lead in promoting stablecoin applications, especially focusing on cross-border payment scenarios to help developing countries cope with currency devaluation and financial system risks. He also revealed that Hong Kong will promote the tokenization of financial assets in the future. Following green bonds, the next step is expected to extend to the trading of Exchange-Traded Funds (ETFs), and he believes that commodity trading, such as metals, can also be explored for tokenized payments.

-- Price

The "richest" new chairman of the Federal Reserve, Kevin Warsh, has officially taken office. His alternative proposal of "balance sheet reduction + interest rate cuts" aims not only to reshape the decision-making mechanism but also to profoundly disrupt the U.S. Treasury, the dollar, and the global ...

Vitalik talks about the future of the Ethereum Foundation: a smaller, more distinctive, yet more enduring ship

Vitalik elaborated on his personal views regarding the transformation direction of the Ethereum Foundation: EF is not "the center of Ethereum," but one of many nodes. With limited resources, EF chooses long-termism over spreading itself thin, focusing on key tasks that "would not happen without EF"—...

Agentic Design Patterns: A book that made me rethink "What exactly is an Agent?"

Google Engineering Director's new book deeply analyzes: 21 design patterns of AI Agents. This article reveals the core progression from "bare LLM" to advanced intelligent agents, detailing Context Engineering, the dual Agent reflection mechanism (Producer-Critic), and the three-layer memory model, w...

Key Takeaways: Full Text of Google Chief Scientist Shanahan's Speech

Google DeepMind Chief Scientist Shanahan's London Speech: Deconstructing the mental attributes of large language models (LLM) using the framework of Wittgenstein, analyzing the trend of "alien self-identity" under the context of all-weather agents.

SuperEx's Mars exploration dream: Digital currency is the key to unlocking economic exchanges in the interstellar era

SuperEx has always called for exchanges to focus not on internal strife and competition, but on jointly promoting the development of digital currencies, becoming a driving force for the future interstellar era.

Morning News | Michael Saylor stated that this week he bought bonds instead of Bitcoin; StablR was attacked and lost about 2.8 million dollars; the U.S. Congress is pushing the Bitcoin Reserve Act again

Overview of Important Market Events on May 24

a16z: 7 Images to Understand How Tokenization Changes the Nature of Assets

It's far more than just moving traditional assets onto the blockchain.

The secret to Hyperliquid's success dismantled from the five-layer financial stack

Hyperliquid is not a DEX that continuously adds features, but rather a financial operating system built in a strict sequence.

After Futu Securities was banned, will buying stocks on-chain be the new remedy?

If it moves steadily, it may be an important stop for financial assets on the blockchain; if treated as a detour tool, it will become the next risk site.

Why Crypto Traders Are Watching Gold and Nasdaq Again in 2026

Bitcoin is ranging while gold and Nasdaq volatility surge in 2026. Discover why crypto traders are using USDT to trade gold, silver, and global indices without a traditional brokerage account.

Why have foreign exchange stablecoins never taken off?

Rather than issuing a local currency stablecoin from scratch, it is better to build a layer of foreign currency pricing on top of a USD stablecoin, allowing users to enjoy the liquidity of the dollar while keeping accounts in local currency.

AIDC, computing power leasing, and cloud: The "three-part thesis" of AI transformation in cryptocurrency mining farms

The "AI transformation" of cryptocurrency mining farms is not just a slogan; it is unfolding in three recognizable stages.

Futu has had all its illegal gains confiscated, reminding cryptocurrency exchanges

Even if foreign financial institutions obtain licenses abroad, as long as you are effectively providing financial services to residents in mainland China, Chinese regulatory authorities may evaluate your actions according to Chinese law.

Football, Web3 & Champions' Energy: A Recap of WEEX's LALIGA VIP Meetup in Barcelona

Relive WEEX's exclusive LALIGA VIP Meetup in Barcelona with football legend Fernando Morientes. From a fireside chat and on-site WEEX x LALIGA signing to partner awards and a live LALIGA match broadcast, discover how WEEX connected football culture, Web3, and community.

Pizza, Poker & AI Trading: A Recap of WEEX Crypto Pizza Day in Dubai

Relive WEEX Crypto Pizza Day in Dubai, where the MENA crypto community gathered at WEEX Dubai Studio to celebrate Bitcoin Pizza Day with pizza, poker, networking, and a live AI trading competition. Discover how WEEX turned a historic crypto milestone into a hands-on AI trading experience.

Morning Report | SpaceX reveals it holds approximately $1.45 billion in Bitcoin; Nvidia's Q1 financial report shows revenue of $81.6 billion; Manus plans to raise $1 billion for buyback business

Overview of Important Market Events on May 21

IOSG Founder: Please tell Vitalik the truth, let the OGs who have enjoyed the industry's dividends enlighten the young people

The wage earners freeze to death on the road, the sellers of goods die of thirst on the way. The weavers of brocade wear coarse cloth, and the grain growers do not have enough to eat.