Recently, multiple international virtual asset trading platforms have withdrawn their license applications in Hong Kong, attracting market attention. CertiK co-founder Gu Ronghui suggested that the Hong Kong government should prioritize the regulation of existing large virtual currency industry stakeholders and encourage their compliant development, which is more meaningful for the long-term health of the industry.

At the same time, Circle, the world's second-largest stablecoin issuer, has expressed its intention to develop in Hong Kong. CertiK stated that it can assist in verifying Circle's reserve situation in other regions to support its development in Hong Kong. This trend may bring new opportunities and challenges to Hong Kong's crypto market.🔍💼