Hong Kong Financial Secretary Paul Chan: There are indeed cases of irregular operations, but blockchain will definitely continue to develop

2023-06-09 14:44:46

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ChainCatcher news, the Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, stated at the 2023 Caixin Summer Summit that Hong Kong is actively promoting the development of virtual assets. Regarding opportunities and risks, there are indeed some virtual asset service providers that operate improperly, such as mixing their own funds with clients' funds, and operators running platforms while also acting as traders.

"But the fundamental technology of Internet 3.0 is blockchain, whether you like it or not, blockchain will definitely continue to develop in the future," Paul Chan said. Blockchain can build open, secure, and low-cost platforms, and Hong Kong plans to introduce a suitable regulatory system to promote the responsible development of Internet 3.0 and virtual assets in Hong Kong. (Caixin)

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