PANews reported on October 19 that Hong Kong Financial Secretary Paul Chan Mo-po pointed out in the latest issue of the Secretary's Essay that during the annual meetings of the International Monetary Fund and the World Bank Group, members of various economies have recognized that the influence of digital assets is expanding rapidly, and related blockchain technologies also have many application scenarios in reality, especially in promoting regional trade and solving cross-border settlement efficiency and pain points. Among them, digital assets such as stablecoins have considerable development potential. International cooperation should be strengthened to prudently control the risks they bring to the stability of the financial system.PANews reported on October 19 that Hong Kong Financial Secretary Paul Chan Mo-po pointed out in the latest issue of the Secretary's Essay that during the annual meetings of the International Monetary Fund and the World Bank Group, members of various economies have recognized that the influence of digital assets is expanding rapidly, and related blockchain technologies also have many application scenarios in reality, especially in promoting regional trade and solving cross-border settlement efficiency and pain points. Among them, digital assets such as stablecoins have considerable development potential. International cooperation should be strengthened to prudently control the risks they bring to the stability of the financial system.
Paul Chan: The influence of digital assets is rapidly expanding, and international cooperation should be strengthened to prudently manage risks.
PANews reported on October 19 that Hong Kong Financial Secretary Paul Chan Mo-po pointed out in the latest issue of the Secretary's Essay that during the annual meetings of the International Monetary Fund and the World Bank Group, members of various economies have recognized that the influence of digital assets is expanding rapidly, and related blockchain technologies also have many application scenarios in reality, especially in promoting regional trade and solving cross-border settlement efficiency and pain points. Among them, digital assets such as stablecoins have considerable development potential. International cooperation should be strengthened to prudently control the risks they bring to the stability of the financial system.
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