The Hong Kong Legislative Council released a special newsletter on the latest developments in digital assets, suggesting the development of offshore RMB stablecoins

ChainCatcher news, the Hong Kong Legislative Council has released a special bulletin on the latest developments in fintech and digital assets, which points out that the Hong Kong government has proposed multiple amendments to the "Stablecoin Regulation Draft" in response to suggestions from legislators. These amendments include allowing licensed e-money issuers to sell fiat-backed stablecoins in addition to the four types of approved providers originally proposed. In the future, it is suggested to seek central support to develop offshore RMB stablecoins in Hong Kong.

The bulletin also mentions that Hong Kong is promoting green and sustainable finance development through the issuance of tokenized green bonds, with a total of approximately $43 billion in green and sustainable bonds arranged for issuance in Hong Kong to date.