Golden Finance reported that according to Hong Kong media Ta Kung Pao, Hong Kong’s Financial Secretary met with Jeremy Allaire, co-founder, chairman and CEO of stablecoin issuer Circle Internet Financial. Paul Chan pointed out that since the SAR government announced the development of virtual assets in Hong Kong the year before last, After the policy declaration, the market responded positively, and many digital assets and third-generation Internet companies have settled in Hong Kong. Hong Kong is steadily advancing the development of digital assets and is launching a public consultation on the regulation of stablecoins to establish an appropriate regulatory framework and promote the responsible and sustainable development of the relevant industry. Stable currency companies based on legal currency are welcome to operate in Hong Kong and provide the society with more innovative and convenient financial service options.