Wu Jiezhang: It is suggested that Hong Kong establish virtual asset banks to further provide comprehensive virtual financial services and facilities

ChainCatcher news, Hong Kong Legislative Council member Wu Jietzhuang wrote an article in the Ta Kung Pao titled "Inside and Outside the Parliament / Tripartite Efforts to Develop 'Virtual Asset Banks'." The article points out the establishment of "virtual asset banks" to address industry pain points, further providing comprehensive virtual financial services and facilities.

The specific content includes: providing buying and selling as well as exchange services for individual customers of virtual currencies, offering unified virtual asset clearing, settlement, and custody services for qualified virtual asset service providers, lowering the market entry threshold for small and medium-sized investors; and assisting and encouraging the industry to provide related insurance, funds, asset management, and other "middle-income businesses," offering more innovative virtual financial products and services, and comprehensively developing an ecosystem that combines traditional and virtual finance.