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Climate changein World Affairs
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Chinese scientists innovate by converting CO2 into sugar, while wildfires rage in Syria, prompting aid from Turkey and Jordan. Meanwhile, Texas faces recurring disasters but resists preparedness.

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

South China Morning PostSunday, July 13, 2025 at 4:00:12 AM
PositiveWorld AffairsCryptocurrency 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 strategy's architect. 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 play to revive its economy by positioning itself as a trusted hub for crypto innovation. With clear regulations and licensed exchanges, the city is betting that structured growth in this space could help solve real-world financial struggles. For investors and businesses, this signals both opportunity and stability in a market that’s often seen as volatile.
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