Odaily Planet Daily News: Hong Kong Financial Services and the Treasury Bureau Secretary Paul Chan revealed in a debate on the "Chief Executive's 2024 Policy Address" at the Hong Kong Legislative Council meeting yesterday that a draft bill will be submitted to the Legislative Council this year to regulate the issuers of fiat stablecoins and to adjust the proposal to regulate virtual asset over-the-counter trading services. The goal is to complete the second round of public consultation next year and submit a proposed licensing system to regulate virtual asset custody service providers. (Hong Kong Government News Release)