HashKey Daily News Highlights(2025/11/10)

2025-11-10

1. Paul Chan: The Hong Kong Monetary Authority proposed more than 40 specific measures during Fintech Week, focusing on areas such as financial tokenization

Hong Kong Financial Secretary Paul Chan published a personal essay titled "Financial Innovation and Technology Mutually Promote Each Other," in which he pointed out that the Hong Kong Monetary Authority (HKMA) proposed more than 40 specific measures during Fintech Week, and the "Fintech 2030" strategy focuses on areas such as financial tokenization, payment infrastructure, and artificial intelligence. Chan also disclosed that startups under Hong Kong Cyberport and Science Park raised around HK$6 billion in the past year, and several companies listed on the stock exchange, raising a total of HK$5.2 billion.

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2. The US CFTC may allow stablecoins as acceptable collateral for tokenized tokenization, with related policies potentially being released early next year

PANews reported on November 9th that, "According to CoinDesk, the US Congress has been trying to grant the Commodity Futures Trading Commission (CFTC) greater direct jurisdiction over the cryptocurrency spot market. Sources familiar with the matter revealed that the CFTC is developing a tokenized collateral policy, expected to be released early next year. This policy may allow the use of stablecoins as acceptable tokenized collateral in the derivatives market. It may first be piloted in US clearinghouses and will implement stricter regulations, requiring disclosure of more information, such as position sizes, large traders and trading volumes, as well as more detailed reporting of operational events."

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3. Pakistan considering issuing a rupee-backed stablecoin

BlockBeats News reported on November 8th, "According to Cointelegraph, Faisal Mazhar, Deputy Director of the State Bank of Pakistan's Payment Systems Department, stated that with the assistance of the World Bank and the International Monetary Fund, a central bank digital currency prototype is currently under development. The plan is to conduct a pilot phase before full-scale implementation. Additionally, Zafar Masud, Chairman of the Pakistan Banks' Association (PBA), revealed that the country is seriously considering issuing a Pakistan Rupee-backed stablecoin. Furthermore, there will be efforts to enhance the regulation of digital assets, as any delays in digital asset regulation could result in missing out on an economic development opportunity worth up to $25 billion."

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4. Financial Times: Ledger is considering an IPO or fundraising in New York

PANews reported on November 10th that, "According to the Financial Times, hardware wallet maker Ledger is preparing to raise more funds, likely next year. Ledger CEO Pascal Gauthier stated that the company is considering an IPO or a private funding round in New York and is actively expanding its operations there."

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5. US media: The US Senate has reached an agreement to end the federal government shutdown

PANews reported on November 10 that, "According to Xinhua News Agency citing US media reports, the US Senate has reached an agreement to end the federal government shutdown.In addition, according to Jinshi News, the US Senate is holding a test vote on a plan to end the government shutdown, which requires 60 votes to pass."

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