At Consensus Hong Kong’s opening, officials pledged stablecoin licensing and new perpetual contract rules, as Paul Chan promoted AI-blockchain integration for autonomous on-chain transactions.
At the opening of Consensus Hong Kong, top officials including Financial Secretary Paul Chan, the Chief Executive, and the SFC CEO detailed plans to issue stablecoin licenses next month and introduce new rules for perpetual contracts to boost the local crypto market. Chan emphasized the rise of an AI-powered 'machine economy' where autonomous agents could hold, transfer, and transact digital assets onchain. Industry voices such as Anthony Scaramucci reiterated a $150,000 bitcoin target tied to U.S. legislation, while Tom Lee urged viewing recent price declines as buying opportunities. The event also featured announcements like Aviva Investors partnering with Ripple to tokenize funds on the XRP Ledger.