Crypto and blockchain advocates have issued a report calling on the Hong Kong authorities to launch a stablecoin pegged to the area’s greenback that might additionally problem its dominance.
In line with July 3 translation of the report into English if Chinese language cryptocurrency journalist Colin Wu, 4 people concerned in monetary innovation urged authorities is issuing the HKDG (Hong Kong Greenback Authorities) stablecoin to assist its management efforts within the digital financial system. Wang Yang, Vice President of Institutional Development, Hong Kong College of Science and Know-how; Cai Wensheng, founding father of smartphone software program firm Meitu; Lei Zhibin, Honorary Chairman of Hong Kong Blockchain Affiliation; and PhD scholar Wen Yizhou co-authored the paper.
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