The Deputy Secretary for Financial Services and the Treasury of Hong Kong urged investors to engage in virtual currency trading preferably through licensed exchanges

2024-10-11 11:20:59

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ChainCatcher news, the Deputy Secretary for Financial Services and the Treasury, Chen Haolian, urged investors to participate in virtual currency trading preferably through licensed exchanges.

Chen Haolian stated that the Hong Kong government is working hard to build the entire ecosystem. Currently, the Invest Hong Kong is actively promoting relevant enterprises to expand their business in Hong Kong. The virtual asset ecosystem is not limited to exchanges; it also includes virtual asset exchange-traded funds and central bank digital currencies (CBDC) among other products. The consultation on the regulation of stablecoins has been completed, and preparations for the relevant legislation are underway to submit to the Legislative Council for review.

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