Chen Maobo: The stablecoin policy is being steadily advanced, and the possibility of a gold peg is being studied

According to the Hong Kong Economic Journal, the Financial Secretary Paul Chan stated at the public consultation forum for the budget proposal that Hong Kong's current stablecoin policy is developing well and will continue to be gradually advanced.

In response to citizens' suggestions to peg stablecoins to gold, Chan said that the government would consider this possibility after completing the first phase of the stablecoin framework. Relevant research is currently underway, but he emphasized the need for cautious handling.

This forum is part of the Hong Kong government's effort to solicit public opinions on the new budget proposal, which will be officially announced on the 25th of next month.