以技术赋能打破传统金融壁垒 香港成稳定币合规化“全球范本”

Core Insights - The article discusses the regulatory landscape for stablecoins in various economies, highlighting the dual-driven model of "technological innovation + compliance development" as a key factor in reshaping the global financial landscape [1] - HashKey Group's chairman, Xiao Feng, emphasizes the core value of stablecoins in promoting inclusive finance, cross-border trade, and the internationalization of the Renminbi [2] Group 1: Stablecoin Regulation and Market Dynamics - The Hong Kong Securities and Futures Commission (SFC) has issued licenses to 11 virtual asset trading platforms, including HashKey Exchange, which is set to expand its services to include various stablecoins [1] - The implementation of the "Stablecoin Ordinance" in Hong Kong introduces a "dual-track" regulatory framework, allowing only approved stablecoin issuers to offer retail stablecoins while restricting unapproved ones to professional investors [4] - HashKey Exchange aims to serve as a compliant trading hub for stablecoins, ensuring rigorous KYC and anti-money laundering measures are in place [5] Group 2: Technological Advancements and Financial Inclusion - Stablecoins are breaking down traditional financial barriers, with USDT (Tether) facilitating access to financial services for unbanked populations, particularly in Africa, where around 60% lack bank accounts [3] - In the context of cross-border e-commerce, stablecoins are becoming essential tools for Chinese merchants, significantly reducing transaction times and costs compared to traditional banking methods [3] Group 3: Future of Renminbi Stablecoin - Xiao Feng proposes a "three-phase strategy" for the implementation of a Renminbi stablecoin, starting with offshore issuance for institutional clients, followed by integration with free trade account systems, and eventually launching an onshore stablecoin [6] - The suggested framework includes a dual-layer structure connecting CBDC (Central Bank Digital Currency) with stablecoins, allowing for programmable features and risk management in capital flows [6]