ChainCatcher news, Hong Kong Legislative Council member Wu Jiezhuang posted on social media: "The Hong Kong Monetary Authority published a virtual bank report earlier. I appreciate the Hong Kong SAR government's support for the upgrading of banking services and the development of virtual banks in the past few years, but at the same time my team made an opinion on Web3 companies' opinions on Hong Kong banking services. The survey showed that Web3 companies have difficulty opening accounts, resulting in the inability to develop their business effectively. Therefore, I proposed at the press conference today:

1. Virtual banks should increase diversified services and develop in a different way from traditional banks.

2. Hong Kong should set up a virtual asset/digital asset bank as soon as possible or upgrade virtual banks to be able to manage virtual assets to cooperate with the SAR government's Web3 development.

3. Hong Kong should accelerate the development of the Web3 ecosystem. Currently, virtual asset policies have become the focus of global government discussions. If we want to become the Web3 center of Hong Kong, we should promote the development of the entire chain and ecosystem as soon as possible. "