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
Geopolitical Shock Triggers $1.8B Hourly Dump in Crypto Futures
_Geopolitical escalation triggered $1.8B in futures selling, pushing Bitcoin sentiment into extreme bearish territory._
Escalating conflict in the Middle East sent shockwaves through crypto markets within minutes. Reports said United States President Donald Trump announced “major combat
LiveBTCNews48m ago
Analysis: The crypto community's concerns that Iran's cutoff of oil supplies could disrupt the market may be exaggerated.
Despite concerns that Iran might block the Strait of Hormuz to impact oil supplies, experts believe this worry is exaggerated. A blockade would not align with Iran's interests, and geographical conditions limit its feasibility. Nevertheless, a full-scale war could still trigger market risk sentiment.
GateNews2h ago
Bitcoin Drops Below $64K Amid Middle East Tensions
Bitcoin has dipped below $64K amid geopolitical tensions from U.S. and Israeli attacks on Iran, contrasting with rising gold prices. Despite this, Bitcoin ETFs saw over $1B in inflows, indicating renewed investor interest in crypto, though Ethereum and Solana also declined.
CryptoFrontNews3h ago
Next week's macro outlook: US and Israel jointly ignite the "Middle East Powder Keg," Non-Farm Payrolls data to be released on Friday
The US-Iran conflict intensifies, and global markets face high uncertainty. Analysis indicates that Iran may choose to retaliate through indirect means, affecting global energy security. Important US macroeconomic data will be released next week, and the market should pay attention to changes in relevant indicators.
GateNews4h ago
XRP Breaks $1.37 – Buyers Are Going CRAZY!
One of the most significant geopolitical shocks in recent years has rattled global markets, and crypto reacted within minutes. Donald Trump confirmed U.S.-led combat operations against Iran during an eight-minute White House speech. He justified the strikes as an effort to eliminate nuclear
Coinfomania6h ago
Bitcoin "Big Boss" retreats! After Jane Street was sued, the "10 o'clock dump" curse surprisingly lifted
The cryptocurrency market has recently experienced a significant rebound, with market capitalization skyrocketing by over $170 billion overnight. Analysts believe this is due to the sudden disappearance of long-term selling pressure that had been suppressing the market, related to the insider trading lawsuit against quantitative trading firm Jane Street. During this rebound, Bitcoin and Ethereum saw notable gains, and the market sentiment has turned more optimistic. As selling pressure eases, analysts remain optimistic about the future.
区块客6h ago
