The Hong Kong government’s stablecoin policy framework is imminent, and the gold-pegged scheme has been included in the follow-up research plan.

【BitPush】Significant progress has been announced at the Hong Kong Government’s public consultation forum on the fiscal budget: the development of the stablecoin policy framework is proceeding smoothly, and subsequent efforts will continue to advance related work.

This statement sends a clear signal—the policy direction in Hong Kong’s digital asset sector is becoming increasingly clear. Interestingly, public suggestions proposed pegging stablecoins to gold, and the government’s response was: not now, but after completing the first phase of the framework, this idea is worth exploring. Officials also revealed that relevant research is underway, but emphasized the need for cautious progress.

This attitude reflects a typical regulatory approach—build a solid foundational framework first, then gradually expand possibilities. The idea of pegging stablecoins to gold actually has considerable imaginative space, as it combines the security of traditional assets with blockchain innovation, but clearly, the government’s priority is to solidify the existing framework.

On the 25th of next month, Hong Kong will release a new fiscal budget. How much support will be provided for stablecoin-related policies in this budget is worth paying attention to.