🚀The Hong Kong Legislative Council read the Stablecoin Bill for the first time today, introducing a regulatory system for fiat stablecoin issuers! OSL Regulatory Affairs Director Diao Jiajun said that Hong Kong has obvious advantages in the development of stablecoins, especially in the intermediary supervision, and has a complete legal framework. In contrast, Western countries are still in the discussion stage, and the United States is full of uncertainty. This move will consolidate Hong Kong's position as a global stablecoin development and regulatory center. What do you think? Feel free to share your views in the comment section!