According to BlockBeats, on October 17, the Hong Kong Chief Executive’s 2024 Policy Address mentioned a number of virtual assets. Article 99 of the report states:
Promote cross-border payment applications using central bank digital currencies (CBDC);
Improving the regulation of virtual asset transactions - the Treasury will complete the second round of consultation on the regulation of over-the-counter transactions of virtual assets and submit a proposed licensing regime for virtual asset custody service providers;
Promote the tokenization of real-world assets and the digital currency ecosystem;
Promote the development of the digital securities market and encourage more financial institutions and issuers to adopt tokenization technology in capital market transactions;
Together with the Treasury Department, it will submit a draft regulation this year to regulate issuers of fiat stablecoins.
