CoinVoice has recently learned that, according to Hong Kong Wen Wei Po, Hong Kong Legislative Council member and chairman of the Web3 and Virtual Assets Development Task Force, Wu Jiezhuang, stated that regarding how the Hong Kong virtual asset market can serve the needs of the country in the future, it is possible to consider launching a 'Digital Pass', which would open a special channel allowing mainland investors to buy and sell digital assets recognized by Hong Kong, further enriching the connotation of connectivity between the mainland and Hong Kong, while also benefiting financial innovation and cultivating new productive forces.
Mainland China prohibits cryptocurrency trading; however, under 'One Country, Two Systems', cryptocurrency trading in Hong Kong is legal. Similarly, while gambling is banned on the mainland, it is legal for mainland citizens to gamble in Macau. Therefore, Wu Jiezhuang believes that the connectivity of the financial markets between the mainland and Hong Kong, and whether to allow mainland citizens to invest in virtual assets recognized by Hong Kong in the future, will primarily depend on the overall development of the international situation. He believes that the mainland will adjust its policies in a timely manner. Currently, the United States is actively embracing digital assets, and the mainland also attaches great importance to the development of the digital economy, viewing it as new productive forces. The SAR government is also listening to industry voices and embracing the new track of the digital economy. [Original link]