Regulatory updates are priority for Hong Kong: Hong Kong is focusing on revising its cryptocurrency regulations due to increasing global demand. On December 11, a proposal was made in the Legislative Council, highlighting the urgency of addressing evolving complexities in the financial system.
Call for strict oversight in virtual assets: Joseph Chan, Acting Secretary for Financial Services, emphasized the need for a stronger regulatory framework. Discussions include creating a dedicated department for cryptocurrency, while current policies exclude virtual currencies from the Exchange Fund’s investment strategy.
Leave a Reply