Hong Kong to release new virtual asset policies and stablecoin bill

Paul Chan revealed initiatives to bolster fintech in Hong Kong, highlighting advancements in virtual asset regulations. The upcoming Stablecoin Bill aims to lay a framework for market clarity, expected to resonate positively with institutional investors.

BTC currently holds a market cap of 1.88 trillion USD. Its recent 0.71% price increase has drawn attention to the potential benefits from Hong Kong’s growing regulatory clarity, indicating a bright future for virtual asset valuations.

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