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Jie Zhuang Ng: The development of stablecoins in Hong Kong will steadily move forward, and various industries can explore bold experiments combining RWA with Web3
BlockBeats News, December 14th. Hong Kong Legislative Councilor Wu Chi-chung stated in a post that he will continue to promote Hong Kong's Web3 development and share his views on topics such as the future of stablecoins and RWA development as follows:
He believes that there will be no major changes in the development of stablecoins in Hong Kong, and progress will continue steadily. The Stablecoin Bill was passed by the 7th Legislative Council after a long period of brewing and discussion. The overall development will align with the international and Hong Kong's actual financial environment, moving forward steadily. It will start with the local market as a trial and aim to develop the international market, leveraging Hong Kong's position as a financial and innovation center.
RWA is a topic that is currently being discussed more in the traditional and Web3 industries. Hong Kong has already promoted regulatory sandboxes, believing that under the sandbox, the importance of exploring compliant development and the future direction of regulation will be emphasized. It is believed that different industries can boldly explore the integration of Web3 technology, which can drive the development of a large number of real-world applications.
The demand for developers is rapidly increasing. More and more companies are establishing their presence in Hong Kong, including Web3 public chains, compliant trading platforms, and underlying infrastructure. The success of developers is closely related to innovative companies, and in the future, efforts will be made to help the industry build a talent ecosystem to attract more developers and professionals to settle in Hong Kong.
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