The Hong Kong University of Science and Technology Business School plans to accept BTC payments to promote Hong Kong as a global virtual asset center.

The Hong Kong University Business School recently announced that it will accept Bitcoin and other digital currencies as a payment method for tuition fees and donations, making it the first higher education institution in Asia to embrace cryptocurrency.

Professor Cai Hongbin, the president of the institute, revealed this plan at the CryptoFi forum, stating that all technical details have been resolved. The institute will begin accepting BTC and other digital currencies as payment for tuition and donations, and is calling on the public to support this initiative.

The Hong Kong University of Science and Technology Business School has proposed a plan to accept digital currency payments, coinciding with Hong Kong's positioning as a global virtual asset hub. As early as May this year, the Hong Kong Legislative Council passed the "Stablecoin Ordinance," which officially came into effect on August 1, establishing a legal framework for fiat-backed stablecoins.

According to reports, the regulation covers all aspects from issuance, reserves to secondary market activities, aiming to ensure that operators engaging in business with Hong Kong comply with stringent licensing requirements and compliance standards. The first batch of stablecoin licenses is expected to be issued in early 2026.

In summary, the University of Hong Kong's Business School's consideration of accepting Bitcoin for tuition payments not only reflects its support for financial innovation but also injects new vitality into Hong Kong's development in the virtual asset sector.

At the same time, as the countdown begins for the issuance of the first batch of stablecoin licenses, Hong Kong is accelerating its layout in the virtual asset sector. This leading initiative from the Hong Kong University of Science and Technology Business School is expected to create a demonstration effect, promoting broader applications of digital currency in the field of education.

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