🎉Good news! The Hong Kong VASP Virtual Assets Association will be established in June, and the "Financial Market Development and Innovation Department" will be added at the same time! 🚀The goal is to strengthen the development of financial technology, promote innovative experiments and business trials, and promote sustainable finance and moderately relax regulations. 🔍

Although this plan is different from the original plan of the "Virtual Asset Bureau", our cryptocurrency industry and investors are still full of expectations for it. 🙌

The Financial Supervisory Commission will publish a research report on the special law on virtual assets as early as the end of September, and decide whether to introduce a special law before the end of this year. If it is decided to launch, the special law framework is expected to be released in the first half of 2025. 📚

Let us look forward to the establishment of this new blockchain regulatory environment and cheer for the future of Bitcoin! 💪🎈