Hash Group of Dr. Jio Feng, which is often dubbed Blockchain of ChinaWarns that Cryptocurrency is a very distant reality in the emerging markets of Asia.
The influential CEO argues that stablecoins are not payment tools, but re -prepare the representative of the global financial infrastructure.
StableCoin Fver: Vigilant Regulators of Hong Kong vs. Market enthusiasm
An industry expert, in a deep interview with Liu Feng, Dr. Jio Feng shared the part of the current cryptocurrency craze.
Hash Group President and CEO Dr. Jio said that Hong Kong has a flower around Stabecrim. In contrast, the regulators are very cautious, they saw. This market reveals a major difference between propaganda and reality, he said.
“The mainland China Crypto has started joining the world again.
Jio predicted a clear passage for adoption. After stablecoins, he said, the attention will turn on the real world property (RWA). After all, it can also lead to accept bitcoin.
People often misunderstand the main purpose of stablecoins, claiming that they were made only for payment. His main use was a commercial medium for volatile crypto assets, he explained.
Beyond payment: blockchain as financial infrastructure
To understand their value, he said, we should look deeply. “Blockchain is more than just tokens,” Jio said. “This is a new method for accounting.”
This technique violates a new financial market, explaining. According to the CEO, the colleague to the colleague enables real -time disposal, which dramatically improves effectiveness and low cost.
For the glory for the industry, complaint is necessary. Hong Kong regulators are highly concentrated on anti-mani laundering (AML), Dr. Jio said. It is a financial center.
Crypto’s approach to AML could be better than traditional systems, he argued. “We can share all transactions on-chains,” he said. “It offers a transparent and effective surveillance tool.”
He said that successfully to flourish Stabelcoins Public Blockchain. Permissions will not be successful stabelin success on the consortium chain, he warned, because they are lacking
Hong Kong’s strategic status in Asia’s Digital Finance Race
The market is going through a deep change, he saw. “We are moving from digital-origin property to digital-twin assets,” he said, saying that the next stage will be defined by RWA.
This development demands regulated, onshore exchange, he argued. Older offshore models are becoming obsolete for these assets. Complication is necessary for Ziao to unlock a market in a market.
In his view, Hong Kong is uniquely occupied to create a global hub. He said that it has a general law system under “One Country, Two System” Framework. It is served as an important bridge between China and the world.
“Hong Kong’s destiny is to be Asia’s Wall Street,” he announced. “Singapore, from control, serves as Switzerland in Asia.
Dr. Jio Feng said that the future of this industry is leveled. The base protocol layer should be decentralized and permission, he said. However, the application layer will require centralization. This is not a contradiction, but an essential blons, he explained.
“We need decentralization for fairness and openness.
The Post Haashi’s CEO: China will re -connect with Crypto, which will begin with Stabecrim and RWA first appeared on Bichripto.