Odaily Planet Daily reported that Hong Kong's Deputy Secretary for Financial Services and the Treasury, Chan Ho-lim, revealed at the Legislative Council's Web3 and Virtual Asset Development Subcommittee meeting that Hong Kong is actively promoting the legislative process of the legal currency stablecoin issuer supervision system. At present, the authorities have completed the drafting of the second draft of the ordinance and plan to submit the draft to the Legislative Council for deliberation before the end of this year. This move shows that Hong Kong's supervision in the field of virtual assets is constantly strengthening, which is expected to bring more transparency and stability to the market. Bitcoin may continue to demonstrate its unique investment value in this context. 🚀