Hong Kong Financial Secretary Paul Chan: Whether to allow retail investors to participate in cryptocurrency trading needs to consult the market
ChainCatcher news, according to CoinDesk, the Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, Hui Ching-yu, stated in an interview that he believes cryptocurrencies are more like an investment tool rather than a means to escape the constraints of fiat currency.In addition, Hui expressed that what excites him the most is the tokenization of green bonds, which simplifies the originally cumbersome process of issuance and investment. He also mentioned that technology can truly address bottlenecks in many areas, such as shortening the subscription time for initial public offerings.Regarding whether Hong Kong will allow licensed crypto exchanges to provide services to retail investors, Hui responded, "We need to consult the market. As the market and industry change, we work with them to reduce risks, manage them, and develop this ecosystem." (CoinDesk)