Hong Kong Intends to License Virtual Asset Trading Platforms with Compulsory Measures

[ChainDD report] November 25 (ChainDD) According to the 21st Century Business Herald, Paul Chan Mo-po, the current Financial Secretary of Hong Kong and former Secretary for Development of Hong Kong Special Administrative Region, stated that the basic attitude of the Hong Kong Special Administrative Region government towards the virtual asset was to open cautiously.

However, he also mentioned, "the premise is that the virtual asset should not affect the stability of the overall financial system, and the rights and interests of investors should be properly protected."

Paul Chan Mo-po revealed that the Hong Kong Special Administrative Region government planned to establish a robust regulatory framework in order to maintain financial security and facilitate the healthy development of the virtual asset market.

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