Hong Kong Legislative Council member Qiu Dagen: interested in Hong Kong issuing encrypted stablecoins based on RMB

Foresight News reported on site that Hong Kong Legislative Council member (from the technology and innovation sector) Qiu Dagen said at the establishment event of the Hong Kong Compliance Industry Association, "I believe that stablecoins are a huge market that various countries are trying, but we need to look ahead after Hong Kong's regulatory rules are introduced. As a Legislative Council member, I am interested in whether stablecoins based on the Chinese yuan can be issued in Hong Kong, which is a huge market