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Hong Kong Bills Committee on Currency Stabilization Bill scheduled to meet in the Legislative Council of Hong Kong on 21 January 2025
January 11, 2025
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The Hong Kong Bills Committee on Stable Currency Bill is scheduled to meet on 21 January 2025 at the Legislative Council of Hong Kong. The main agenda of the meeting includes the election of the Chairman and Deputy Chairman of the Committee and the organization of a meeting with the Administration.
Social Capital CEO: Stablecoin Will Be a Key Tool for Wholesale Trading by 2025
January 5, 2025
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Social Capital CEO Chamath Palihapitiya predicts that stablecoin adoption will skyrocket by 2025, becoming a key tool for wholesale transactions. He notes that by 2024, stablecoin use will be decoupled from cryptocurrency transactions, with more than 1.1 billion transactions settling for $8.5 trillion, more than double the volume of Visa's transactions. Palihapitiya believes that this growth will challenge the Visa and MasterCard duopoly, especially as credit card interest rates rise. He also addressed regulatory issues, emphasizing that blockchain technology provides transparency and traceability for transactions. Last year, he predicted that Bitcoin would achieve mainstream adoption by 2024.
Heavyweight! Hong Kong Financial Secretary Paul Chan: Promoting Blockchain-based Digital Currency Settlement for Cross-border Trade
January 1, 2025
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January 1 news, according to the Hong Kong Economic Journal reported, Hong Kong Financial Secretary Paul Chan attended the "CCTV financial financial power - Hong Kong financial night" said in a speech, Hong Kong currently has more than 1,100 financial technology companies, the annual growth of about 15%, Hong Kong will continue to promote the central bank digital currency, mobile payment, digital banking, digital asset transactions and other development, and strengthen cooperation with central banks around the world to promote cross-border trade digital currency settlement, so that financial innovation to better serve the real economy. Hong Kong will continue to promote the development of central bank digital currency, mobile payment, digital banking, digital asset trading, etc., and strengthen cooperation with central banks around the world to promote blockchain-based cross-border trade digital currency settlement, so that financial innovation can better serve the real economy.

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