Deep Tide TechFlow News, on December 31, according to the 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 in terms of how the Hong Kong virtual asset market can serve the needs of the country in the future, it is possible to study the introduction of 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 nurturing new quality productivity.
The mainland prohibits cryptocurrency trading; however, under 'One Country, Two Systems', conducting cryptocurrency trading in Hong Kong is legal. Similarly, while the mainland prohibits gambling, it is also legal for mainland citizens to gamble in Macau. Therefore, Wu Jiezhuang believes that the connectivity of financial markets between the mainland and Hong Kong, and whether mainland citizens will be allowed to invest in virtual assets recognized by Hong Kong in the future, will mainly depend on the development of the overall 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 places great importance on the development of the digital economy, viewing it as a new quality productivity. The special administrative region government is also listening to industry voices and embracing the new track of the digital economy.
