Recently, the Financial Services and the Treasury Bureau, in conjunction with the Financial Services and the Treasury Bureau, released the 'Summary of Legislative Proposals for Implementing a Regulatory Regime for Issuers of Hong Kong Stablecoins'. They have taken on the innovative ideas from CertiK, especially concerning the storage of private keys and incident management. This move aims to create a more robust regulatory environment, safeguard user rights, and promote the long-term sustainability of Hong Kong's stablecoin ecosystem. Both heads, Mr.许正宇 and Mr.余伟文, underscored the vital role of good regulation in industry growth and will further refine related legislative drafts to meet market demands.