HK Financial Services Secretary Christopher Hui sees fiat-backed stablecoins as potential future blockchain payments. HKMA strictly regulates issuers (reserves, asset segregation, quick redemption) similar to traditional finance. Sees potential for payments in regions with volatile currencies or less developed systems, including the Belt and Road initiative.
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stablecoins currencies blockchain (reserves, potential future payments. systems, segregation, issuers potential and volatile as Belt Secretary Christopher less asset similar traditional sees Hui payments Sees fiat-backed in quick to regulates initiative.
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