Paul Chan Mo-po said Hong Kong remains open to Web3 firms and argued that blockchain and digital assets create value when they address practical, real-world needs.
Paul Chan Mo-po said Hong Kong has issued its first two stablecoin licenses and described them as the beginning of a broader digital asset push rather than an endpoint. He said Hong Kong remains fully open to Web3 firms and stressed that blockchain and digital assets are most valuable when they solve real-world problems. The remarks frame Hong Kong’s approach as supportive of regulated crypto development, with stablecoins typically seen as digital tokens designed to maintain a fixed value and serve as a bridge between traditional finance and blockchain-based activity.