The Hong Kong Chamber of Commerce has asked the local government to include the possibility of issuing stablecoins linked to the yuan in the next budget.
In addition, it suggests the possibility of creating stablecoins backed by a basket of different currencies, including the yuan. Currently, only tokens based on HKD and USD are allowed.
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On the other hand, the organization has also proposed the implementation of the Virtual Asset Connect Scheme, which would have a daily limit of approximately HKD 20 billion ($2.5 billion).
It should be noted these proposals are part of a package of measures aimed at improving the economic situation in Hong Kong.
Particular importance has been given to the retention and attraction of talent and business.