Hong Kong government aims to launch regulatory framework for stablecoins by the end of next year The Hong Kong Monetary Authority has conducted a public consultation on the launch of stablecoins and will gradually establish a regulatory framework in the future, aiming to launch by the end of next year, said Chan Ho-lium, Deputy Secretary for Financial Services and the Treasury. He also said that the Hong Kong government actively participates in the virtual asset value chain, and successfully issued tokenized green bonds earlier this year, and will continue to support the development of the industry in the future, welcoming the industry and talents to Hong Kong.