CoinVoice has recently learned that Hong Kong's Deputy Secretary for Financial Services and the Treasury, Chan Ho-lim, has called on investors to participate in virtual currency trading through licensed exchanges.
Chan Ho-lim said that the Hong Kong government is working hard to build the entire ecosystem. Currently, Invest Hong Kong is actively promoting related companies to expand their business in Hong Kong. The ecosystem of virtual assets is not only about exchanges, but also includes virtual asset exchange-traded funds and central bank digital currencies (CBDCs). Consultation on the regulation of stablecoins has been completed, and relevant legislation is being prepared for submission to the Legislative Council for deliberation. [Original link]