ChainCatcher News, Hong Kong Legislative Council Member Wu Jiezhuang posted on X platform stating that the gradually loosening policies in Hong Kong will enable licensed companies and industry practitioners to better realize their potential. The SAR Chief Executive has announced that the first stablecoin issuer licenses are expected to be issued starting from March this year. This is believed to further enhance societal acceptance and practical application of Web3. It is recommended that Hong Kong consider establishing a dedicated agency or department to oversee the overall development of digital and crypto assets.
For example, consider introducing clear guidelines or regulations to enable decentralized autonomous organizations (DAOs) to operate more compliantly in Hong Kong, attracting more Level 1 blockchain projects to flourish in the city.
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
The Washington Post: Russia provides Iran with U.S. military positioning information, indirectly intervening in the Middle East conflict
Gate News Report, March 6 — The Washington Post reported that, according to three intelligence officials familiar with the matter, Russia is providing Iran with location information to target U.S. forces in the Middle East. This is the first indication that another major U.S. adversary is involved in the Middle East conflict, even if only indirectly.
GateNews26m ago
The Trump administration is not currently considering involving the Treasury Department in oil futures trading.
Gate News Report, on March 6,, sources familiar with the matter revealed that the Trump administration is currently not considering involving the U.S. Department of the Treasury in oil futures (crude oil and other energy commodities derivatives) trading. It is reported that government officials had previously discussed involving the Treasury in energy futures trading, but ultimately concluded that the Treasury's ability to exert a substantial impact on the market is limited.
GateNews1h ago
Oil prices have risen nearly 20% this week, and Asian stock markets are set to record their largest weekly decline in six years.
Oil prices slightly retreat, providing some relief to global stock markets, but the Middle East conflict shows no signs of easing, with Asian stock markets experiencing their largest weekly decline in six years. The US may intervene in the futures market, and oil prices are still up nearly 20%. The market lacks sufficient information to assess extreme scenarios.
GateNews1h ago
The Central Bank of Russia proposes allowing banks and brokerage firms to obtain cryptocurrency trading licenses
Russia plans to legislate cryptocurrency trading regulation, with the central bank governor proposing to allow qualified banks and brokerage firms to obtain trading licenses, establish compliance systems, monitor fund flows, and control risks. This new regulation aims to be implemented by July 2026 to promote the legalization of digital assets.
GateNews2h ago
Trump: Hopes for the complete overthrow of the Iranian leadership system
Gate News Report, March 6 — According to NBC News, Trump stated that he hopes the Iranian leadership system is completely overthrown and that he wants to ensure that the potential leaders he listed survive in the war.
GateNews2h ago
Chainalysis: 700% surge in cryptocurrency-based sanctions evasion behaviors by 2025
Chainalysis report shows that in 2025, crypto-related illegal activities linked to sanctions increased significantly, with sanctioned entities receiving $104 billion in cryptocurrency, driving the total illegal on-chain transaction volume for the year to $154 billion. Sanctioned countries such as Russia, Iran, and North Korea are using cryptocurrencies to evade financial sanctions, with stablecoins accounting for as much as 84% of illegal transactions.
GateNews2h ago
