Foresight News reports that Gu Ronghui, co-founder of CertiK and a member of the Web 3.0 Development Task Force, stated that the Hong Kong government should first regulate existing large virtual currency industry stakeholders and encourage them to move towards compliance, which would have a more meaningful impact on the industry. Regarding the global second largest stablecoin issuer Circle's intention to develop in Hong Kong, CertiK can assist in verifying the reserves of stablecoin issuer Circle in other locations.