BlockBeats News, February 19 — Hong Kong Legislative Council Member Wu Jiezhuang stated on the “Finance CHAT” program on 78 HOY News that Hong Kong will issue the first stablecoin issuer licenses in March, hoping that the government will promote the use of cryptocurrencies among all citizens through stablecoin airdrops.
Wu Jiezhuang pointed out that three years ago, the government issued electronic consumption vouchers of 10,000 HKD per person, which significantly popularized electronic payments. He suggested that after stablecoin issuers obtain licenses, the government could distribute stablecoin airdrops to eligible citizens for local small and medium-sized enterprise consumption (such as dining, entertainment, watching shows, etc.), thereby enhancing Hong Kong’s status as a Web3 and digital asset hub, achieving a dual goal of stimulating the economy and promoting cryptocurrency adoption. Wu Jiezhuang emphasized that this move is not simply government handouts, but rather a way to drive multiplier effects through stablecoin consumption vouchers, with administrative costs borne by licensed companies. (techub news)
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
Germany's Long-Term Bitcoin Holdings Enjoy Tax-Free Advantages, Investor Interest Surges
Germany's long-term Bitcoin holding tax-exemption policy, which has been in effect since 2009 through 2026, encourages investors to hold for over one year to avoid capital gains tax. This policy reduces the tax burden and attracts global investors to build Bitcoin investment portfolios in Germany, driving market attention.
GateNews24m ago
IEA Significantly Cuts Oil Supply Growth Outlook to 1.1 Million Barrels/Day, Cites Middle East War as Largest Supply Disruption in History
The International Energy Agency (IEA) has lowered its oil supply growth forecast for 2026, expecting supply growth of only 1.1 million barrels per day in 2023. Due to Middle East conflict reducing Gulf oil-producing nations' output, March oil supply is projected to fall to 98.8 million barrels per day, the lowest since 2022.
GateNews33m ago
The risk of escalation in the U.S.-Iran conflict rises to 70%, with experts warning that Bitcoin may face a short-term crash
US-Iran conflict escalates, tensions may persist through May, oil prices break $95, global markets face risks. Bitcoin under short-term pressure, investor risk-aversion sentiment rises, focus on geopolitical risks and asset allocation strategies.
GateNews35m ago
Two high win-rate addresses invested $15,000, betting that the US-Iran ceasefire will not happen before May
On March 12, PolyBeats detected two high-win-rate addresses betting on prediction markets that "the US and Iran will not cease fire before May," with a combined investment of $15,000 at a current price of 52.5¢. Meanwhile, Iran escalated attacks on Gulf shipping, causing a halt to traffic through the Strait of Hormuz, with analysts seeing no signs of de-escalation.
GateNews46m ago
Nvidia Plans to Invest $26 Billion Over Five Years in Building Open-Source AI Models to Counter China's Leading Model Position
Nvidia plans to invest $26 billion over the next five years to build open-weight AI models to counter the lead of Chinese open-source models. Its latest model, Nemotron 3 Super, features 128 billion parameters and comprehensive scores surpassing OpenAI, but still fall short of certain Chinese models. Analysts believe the U.S. government should support open-source projects.
GateNews50m ago
