Hong Kong advances stablecoin regulatory framework, multi-asset pegging scheme enters research phase

LiquidityWitch · 2026-01-12T01:00:09+00:00

The Hong Kong government plans to gradually advance stablecoin regulation. The first phase will focus on building solid infrastructure and regulatory frameworks, with subsequent considerations of linking stablecoins to assets such as gold. Although the policy still requires time for research, Hong Kong's open attitude towards stablecoins sends a positive signal for the development of the Web3 industry.

LiquidityWitch

2026-01-12 01:00:09

Abstract generation in progress

【Crypto World】Hong Kong has new developments in stablecoin regulation. Hong Kong Financial Secretary Paul Chan recently revealed that the local government plans to advance the implementation of stablecoin-related work in a phased manner.

According to the current planning approach, the first phase will focus on solidifying foundational work, including infrastructure development and regulatory framework laying. Based on this, more complex schemes—such as linking stablecoins to gold or other assets—will be considered later.

It is worth noting that Hong Kong is currently conducting cautious research and validation, which means that policy implementation will still take time. However, from the statements, Hong Kong’s attitude towards the stablecoin ecosystem is open and proactive, reserving policy space for industry development. This is a positive signal for Web3 practitioners and investors.

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DefiEngineerJack

· 01-12 01:28

actually™ multi-asset backing sounds optimal on paper, but have they formally verified the oracle attack surface? gold-pegged stablecoins are cute until liquidity dries up...

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StakeWhisperer

· 01-12 01:25

Hong Kong's recent moves are quite interesting. Taking it step by step makes it much more stable, but the gold peg thing is still in the research stage, so we have to wait.

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PrivateKeyParanoia

· 01-12 01:19

Hong Kong's move is quite steady, first setting up the framework and then adding the flair. The gold linkage part sounds really comfortable.

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SchrödingersNode

· 01-12 01:14

Hong Kong's move is steady, but it's another case of "careful research"... Haven't we seen this trick before? By the time policies are implemented, the opportunity will have passed.

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