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Hong Kong embraces digital assets to solve economic problems: Chris Hui

South China Morning PostSunday, July 13, 2025 at 4:00:12 AM
PositiveFinancial Marketscryptocurrency regulation
Hong Kong embraces digital assets to solve economic problems: Chris Hui
Hong Kong is doubling down on digital assets like stablecoins and tokenized financial products as a way to address economic challenges, according to Chris Hui, the official leading the strategy. The city has already licensed 11 crypto exchanges—a major shift from just three years ago—thanks to new regulations aimed at creating a secure and thriving digital-asset market.
Editor’s Note: Hong Kong’s push into digital assets isn’t just about keeping up with fintech trends—it’s a deliberate bet that crypto and blockchain can help solve real economic issues. By licensing exchanges and setting clear rules, the city is positioning itself as a regulated hub for innovation, which could attract businesses and investors looking for stability in the volatile crypto world. If it works, this could be a blueprint for other economies grappling with similar challenges.
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