"Qiu Dagen: Compared to the political uncertainty of US regulation, Hong Kong's Web3 policy's core advantage lies in its continuity"


Hong Kong Web3 regulation emphasizes gradual and steady progress: through VASP licensing, stablecoin sandbox, and the "Policy Statement 2.0" roadmap, highlighting regulatory clarity and cross-agency collaboration; in contrast to the US GENIUS stablecoin bill, proposing classifications such as digital commodities and initial safe harbor concepts. Industry participants include ZA Bank, HSBC, Franklin Templeton, among others, with tokenization expanding broadly in the future; facing cycle testing, quantum threats, and cross-jurisdiction connectivity challenges, advocating for global infrastructure and mutual recognition to create a Web3 "flywheel effect." Read more:
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