香港金融管理局关于加密资产和稳定币的讨论英文版33页

Discussion Paper on Crypto-assets and Stablecoins January 2022 P.3 1. Executive summary The increased use of technology in the financial system, such as the use of distributed ledger technology (“DLT”), has potential benefits in improving the accessibility to and efficiency of the system, as well as unlocking new business opportunities to its users. One form of use of DLT in the financial system is crypto-assets. According to the Financial Stability Board (“FSB”), crypto-asset refers to “a type of private digital asset that depends primarily on cryptography and distributed ledger or similar technology”1. While acknowledging the potential benefits of financial innovation, financial regulators around the globe are also closely monitoring possible risks arising from this development amidst the growing prevalence of crypto-assets, and also having regard to their nascent but fast-growing nature. Among other things, we have witnessed significant growth in the