PANews
PANews|2月 19, 2026 08:01
[Ng Kit Chuang Proposes Using Stablecoins to Issue Night Consumption Vouchers, Promoting the Implementation of Web3 Applications in Hong Kong] In response to the Hong Kong SAR Chief Executive's announcement that the first batch of stablecoin issuer licenses will be issued in March, Hong Kong Legislative Council member Ng Kit Chuang suggested on the X platform combining stablecoins with public financial policies. He proposed issuing 'night consumption vouchers' to rapidly popularize stablecoins, which would not only benefit citizens but also promote the development of the Web3 industry. He pointed out that this initiative could bring about 'four major benefits': 1. Citizens can directly use stablecoins for consumption, experiencing digital payments; 2. Help citizens easily set up electronic wallets and become familiar with digital assets and stablecoins; 3. Reduce administrative costs, with compliant stablecoin issuers bearing part of the promotion expenses; 4. In the long term, enhance public awareness of digital assets and reduce the occurrence of fraud cases.
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