bitcoin
Bitcoin (BTC) $ 98,260.33
ethereum
Ethereum (ETH) $ 3,351.23
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 622.36
xrp
XRP (XRP) $ 1.17
cardano
Cardano (ADA) $ 0.791966
usd-coin
USDC (USDC) $ 1.00
matic-network
Polygon (MATIC) $ 0.444858
binance-usd
BUSD (BUSD) $ 0.981631
dogecoin
Dogecoin (DOGE) $ 0.385142
okb
OKB (OKB) $ 45.54
polkadot
Polkadot (DOT) $ 5.85
shiba-inu
Shiba Inu (SHIB) $ 0.000025
tron
TRON (TRX) $ 0.198944
uniswap
Uniswap (UNI) $ 9.08
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,953.24
dai
Dai (DAI) $ 1.00
litecoin
Litecoin (LTC) $ 88.40
staked-ether
Lido Staked Ether (STETH) $ 3,354.09
solana
Solana (SOL) $ 254.55
avalanche-2
Avalanche (AVAX) $ 35.85
chainlink
Chainlink (LINK) $ 14.81
cosmos
Cosmos Hub (ATOM) $ 6.32
the-open-network
Toncoin (TON) $ 5.48
ethereum-classic
Ethereum Classic (ETC) $ 27.17
leo-token
LEO Token (LEO) $ 8.84
filecoin
Filecoin (FIL) $ 4.49
bitcoin-cash
Bitcoin Cash (BCH) $ 482.95
monero
Monero (XMR) $ 160.54
Thursday, November 21, 2024
More
    bitcoin
    Bitcoin (BTC) $ 98,260.33
    ethereum
    Ethereum (ETH) $ 3,351.23
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 622.36
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 1.17
    binance-usd
    BUSD (BUSD) $ 0.981631
    dogecoin
    Dogecoin (DOGE) $ 0.385142
    cardano
    Cardano (ADA) $ 0.791966
    solana
    Solana (SOL) $ 254.55
    matic-network
    Polygon (MATIC) $ 0.444858
    polkadot
    Polkadot (DOT) $ 5.85
    tron
    TRON (TRX) $ 0.198944
    HomeGuideFang Hongjin, Co-Chairman of the Hong Kong Blockchain Affiliation: The Hong Kong...

    Fang Hongjin, Co-Chairman of the Hong Kong Blockchain Affiliation: The Hong Kong Authorities Ought to Not Subject Hong Kong Greenback Secure Foreign money

    Fang Hongjin, co-chairman of the Hong Kong Blockchain Affiliation, stated in a latest assertion that he disagrees with the Hong Kong authorities’s proposal to difficulty a Hong Kong greenback backed by international trade reserves.

    Fang Hongjin requested within the article whether or not the Hong Kong authorities ought to use international trade reserves as collateral for issuing stablecoins if it plans to launch a Hong Kong digital greenback. He believes that the Hong Kong authorities, because the issuer of the Hong Kong fiat greenback, mustn’t create derivatives with its personal fiat foreign money as collateral, as this may result in confusion and sensible difficulties.

    Fang Hongjin identified that the Hong Kong authorities shouldn’t be the accountable entity for issuing Hong Kong greenback stablecoins. As a substitute, he prompt that personal establishments difficulty stablecoins underneath the oversight and supervision of the Hong Kong authorities. He believes it’s wiser for personal entities to tackle this duty, as they’ll extra successfully deal with the complexities of issuing stablecoins.

    As well as, Fang Hongjin expressed concern in regards to the inflow of cryptocurrency initiatives that don’t meet US regulatory necessities in Hong Kong in search of asylum. He believes these initiatives might not meet Hong Kong’s present and upcoming monetary rules.

    See also  Financial institution of America: Ethereum's Shapella Improve Fails to Repair Scalability Points

    The issuance of stablecoins has been the topic of intense debate and exploration inside the blockchain and cryptocurrency group. Stablecoins are designed to offer stability in unstable cryptocurrency markets by pegging their worth to fiat currencies or different property.

    Though they provide advantages akin to quicker transactions and borderless funds, considerations about their regulatory oversight and potential dangers have sparked dialogue amongst policymakers and business specialists.

    As an essential spokesperson for the blockchain business, the Hong Kong Blockchain Affiliation performs a significant position within the improvement and adoption of blockchain expertise in Hong Kong. The affiliation actively engages with policymakers, regulators, and business stakeholders to advertise accountable blockchain innovation and advocate for supportive regulatory frameworks.

    DISCLAIMER: The data supplied by WebsCrypto doesn’t symbolize any funding suggestion. The articles revealed on this web site symbolize private opinions solely and don’t have anything to do with the official place of WebsCrypto.

    RELATED ARTICLES

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Most Popular