Hong Kong SAR Government: To fully leverage the potential of stablecoins, the SAR government may use stablecoins as a government payment tool.

[Hong Kong SAR Government: To Fully Leverage the Potential of Stablecoins, the SAR Government May Use Stablecoins as Government Payment Tools] The Hong Kong SAR Government today released the "Hong Kong Digital Asset Development Policy Declaration 2.0." In the declaration, the Hong Kong SAR Government expressed support for stablecoins and other tokenization projects. To fully leverage the potential of stablecoins, the government and regulatory agencies will provide a favorable market environment and necessary regulatory guidance, promoting licensed stablecoin issuers in Hong Kong to research and implement solutions for various application scenarios to address the substantive pain points in economic activities. To demonstrate the government's support and take the lead, market participants are encouraged to suggest how the government can experiment with and use licensed stablecoins, such as enhancing the efficiency of government payments.