Hong Kong council hints at RMB stablecoin development
PositiveCryptocurrency

The Hong Kong Legislative Council is making strides in the world of digital currencies by hinting at the development of renminbi-backed stablecoins. This move, highlighted in a recent special report, showcases the region's commitment to embracing innovative financial technologies. As stablecoins gain traction globally, Hong Kong's initiative could position it as a key player in the digital currency landscape, potentially attracting investment and enhancing its financial ecosystem.
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