BlockBeats News, February 19 — Hong Kong Legislative Council Member Wu Jiezhuang stated on the “Finance CHAT” program on 78 HOY News that Hong Kong will issue the first stablecoin issuer licenses in March, hoping that the government will promote the use of cryptocurrencies among all citizens through stablecoin airdrops.
Wu Jiezhuang pointed out that three years ago, the government issued electronic consumption vouchers of 10,000 HKD per person, which significantly popularized electronic payments. He suggested that after stablecoin issuers obtain licenses, the government could distribute stablecoin airdrops to eligible citizens for local small and medium-sized enterprise consumption (such as dining, entertainment, watching shows, etc.), thereby enhancing Hong Kong’s status as a Web3 and digital asset hub, achieving a dual goal of stimulating the economy and promoting cryptocurrency adoption. Wu Jiezhuang emphasized that this move is not simply government handouts, but rather a way to drive multiplier effects through stablecoin consumption vouchers, with administrative costs borne by licensed companies. (techub news)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Why Did BlackRock Sell Crypto Just Before Trump Spoke?
_BlackRock and Wintermute sold BTC and ETH hours before Trump’s speech as crypto markets saw rising volatility and volume._
BlackRock reduced exposure to Bitcoin and Ethereum hours before a scheduled speech by former U.S. President Donald Trump.
Blockchain data and market trackers show that
LiveBTCNews1h ago
$21M in Seized Bitcoin Returned After Authorities Freeze Transactions
_Coordinated exchange freezes forced the return of 320 BTC, exposing weaknesses in law enforcement crypto custody systems._
South Korean prosecutors have recovered roughly $21.4 million worth of Bitcoin previously stolen from official custody. Funds were taken last year after investigators
LiveBTCNews3h ago
Bitcoin Trading Range Tightens as Resistance Drops to $67,000; Network Nears 20 Million Coin Milestone
Bitcoin experienced another back-and-forth session on Feb. 19, struggling to maintain its value as it established a lower trading range.
Bitcoin Faces Volatility as Trading Ranges Shift Lower
Bitcoin ( BTC) endured another session of whipsaw price action Feb. 19, twice rebounding from
Coinpedia3h ago
White House to Host Third Stablecoin Yield Meeting: Here’s the Timeline
_White House to host third stablecoin yield meeting at 9:00 A.M. ET with select crypto and banking representatives, per Eleanor Terrett._
The White House will host a third meeting on stablecoin yields tomorrow at 9:00 A.M.. ET, according to a post shared by journalist Eleanor Terrett on X.
The
LiveBTCNews6h ago
Trump says he no longer cares about the Nobel Prize; the probability of the US striking Iran before the end of February rises to 25%.
The U.S. military has deployed various air and naval forces in the Middle East, while Trump emphasizes maintaining good dialogue with Iran and hopes to reach an agreement. Prediction markets indicate that the likelihood of striking Iran is gradually increasing.
GateNewsBot7h ago
Donald Trump Jr. Defends Crypto Pivot as Shield Against Banking 'Ponzi Scheme'
On Feb. 18, Donald Trump Jr. defended his family’s pivot to cryptocurrency, describing it as a survival tactic against a “Ponzi scheme” banking system that had deplatformed them.
Mounting Political Scrutiny
Donald Trump Jr. issued a defiant defense of his family’s digital asset ventures on
Coinpedia10h ago
