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
CME Data: The probability of the Federal Reserve cutting interest rates in March has decreased to 2.6%, and the probability of holding rates steady in April is 85.3%.
CME data from March 10th indicates that due to Middle East geopolitical tensions and rising oil prices triggering inflation risks, the market's expectation of the Federal Reserve cutting interest rates has weakened. Currently, the probability of a 25 basis point rate cut in March is only 2.6%, while the probability of holding rates steady is as high as 97.4%. It is expected that by April, the Federal Reserve will maintain steady rates with an 85.3% probability.
GateNews14m ago
Russian Expert: Global Oil Prices May Short-Term Drop to $100, Long-Term Rise to $160
Gate News Report, March 10th, Russian expert Ikbal Guliyev stated that in the coming days, if the G7 makes a positive decision to release additional reserves, oil prices (international crude oil futures prices) could drop to $100 per barrel. However, the market will then face geopolitical risks again, and actual supply will experience shortages. Guliyev believes that if the supply shortage persists long-term, oil prices could reach $150-160 per barrel.
GateNews33m ago
CRCL stock price increased by 87% in a month, driven by short squeeze and the dual factors of US-Iran conflict
CRCL stock price rose about 10% on March 9, with a total increase of 87.18% over the past month. Mizuho Bank analysts pointed out that this surge was driven by Middle East geopolitical conflicts leading to high oil prices, which boosted inflation expectations and increased the earnings of stablecoin issuers. Another analysis suggests that the stock price increase was mainly due to short covering. Valuation analysis indicates that CRCL's current stock price is above its intrinsic value, posing a risk of overvaluation.
MarketWhisper35m ago
Bitcoin rises, Dubai property prices plummet: retreating over 18% from February highs, war impacts global asset allocation
Since the outbreak of the Iran war, Bitcoin prices have rebounded, rising approximately 5.4% in total; meanwhile, the Dubai real estate market has declined by 18.1% due to missile attacks and foreign capital withdrawals. High-net-worth investors are fleeing, coupled with expectations of a surge in future supply, leading to a general decline in housing prices. Overall, the war is reshaping regional risks and has a profound impact on global asset allocation.
GateNews1h ago
Rising oil prices spark heated discussion in the crypto community: Will Bitcoin become an inflation hedge?
International oil price fluctuations have sparked heated discussions in the crypto community, focusing on the impact of oil prices on Bitcoin trends. Analysts believe that geopolitical risks and inflation pressures have made oil a focal point, with some traders expressing concern about Bitcoin's safe-haven properties, though doubts remain. Currently, market interest in altcoins is subdued, with main attention on macroeconomic trends and commodity movements.
GateNews1h ago
