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
U.S. rule change may open trillions in 401(k) funds to crypto
The U.S. Department of Labor proposed a rule to allow 401(k) plans to include alternative assets like cryptocurrencies and private equity, responding to President Trump's executive order. While the rule aims to diversify retirement investments, it faces criticism for potentially exposing workers to risky assets.
CoinDesk46m ago
Hong Kong will include tokenized bonds in the standard financial settlement framework, and will promote a comprehensive crypto regulatory regime
The Hong Kong government plans to include tokenized bonds in the regulated financial system in the 2026–2027 fiscal budget, build a digital asset platform, and drive Hong Kong to become a digital finance hub. The Monetary Authority is planning to issue stablecoin licenses and establish a strict regulatory framework, while also facing multiple challenges that require resolving blockchain interoperability and legal alignment issues.
ChainNewsAbmedia54m ago
A U.S. senator proposes the “American Mining Act”: elevate the “Strategic Bitcoin Reserve” into law, and break free from hardware dependence on China
U.S. Senators Bill Cassidy and Cynthia Lummis introduced the “American Mining Act” on March 30, aiming to strengthen the United States’ cryptocurrency mining infrastructure, promote domestic mining, and establish a strategic Bitcoin reserve. The bill would support American manufacturing, improve supply chain security, and phase out hardware technologies associated with foreign adversarial forces. The bill is intended to reduce reliance on Chinese hardware and strengthen the United States’ position in digital assets.
動區BlockTempo3h ago
ETH 15-minute drop of 0.92%: Institutional selling and macro risk aversion converge to trigger selling pressure
2026-03-30 17:15 to 17:30 (UTC), within 15 minutes ETH’s return recorded -0.92%, the price range was 2032.21 to 2060.58 USDT, the amplitude was 1.38%, and short-term market volatility intensified, drawing widespread attention. Data from the funding side shows that during this period the market’s overall trading volume remained at a high level, with large on-chain capital flows leaving, and short-term selling pressure being concentrated and released.
The main driving force behind this unusual move comes from institutions actively reducing their holdings and a warming of macro risk-avoidance sentiment. During the reporting period, some large institutions began to adjust their portfolio structure, cutting ETH holdings significantly.
GateNews5h ago
Trump says he will respond to Iran’s attack on the Haifa oil refinery in Israel soon
Gate News message: On March 30, U.S. President Trump said in a media interview that his response to Iran's attack on the oil refinery in Haifa, Israel would "come very soon." Israel reported that same day that the refinery in the northern city of Haifa caught fire in a missile attack.
GateNews7h ago
