According to Foresight News, Hong Kong Legislative Council member Ng Kit Chuang has called for the Special Administrative Region (SAR) government and banks to relax restrictions on banking services for cryptocurrency and Web3 companies. Ng highlighted that many companies still face challenges in opening local accounts.

Ng emphasized the need for virtual banks to diversify their services and complement traditional banks. He also stressed the importance of enhancing the capability of virtual banks to manage virtual assets, aligning with the SAR government's Web3 development goals.