CertiK: Can assist in verifying the reserves of stablecoin issuer Circle elsewhere

ChainCatcher news, recently several large international virtual asset trading platforms have withdrawn their license applications in Hong Kong. Gu Ronghui, co-founder of CertiK and a member of the Web 3.0 Development Task Force, stated that the Hong Kong government should first regulate the existing stakeholders in the large virtual currency industry and encourage them to move towards compliance, which would have a more meaningful impact on the industry.

Regarding the intention of Circle, the world's second-largest stablecoin issuer, to develop in Hong Kong, CertiK can assist in verifying the reserves of the stablecoin issuer Circle in other locations.