Now Hong Kong wants to issue a license for Hong Kong dollar stablecoin, I think it is a trial – not a shift, but trying to find a balance in regulation, testing how to use the advantages of Crypto Assets without stepping into risk areas. After all, the whole world is working on stablecoin regulation, and China needs to have its own pace.



As for the digital version of the RMB, it is difficult in the short term; the risks need to be thoroughly considered. Overall, China is not rejecting innovation but is afraid of chaos. First, it will establish a safety line, and then gradually explore a path that suits itself.
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