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Chan Mo-po: Hopes to regulate virtual assets and digital Hong Kong dollar to promote Hong Kong to become an international virtual asset center

Hong Kong Financial Secretary Paul Chan Mo-po said that he hopes to promote Hong Kong as an international virtual asset center, including preparing for the regulation of virtual assets and the establishment of a digital currency. When asked how to ensure the safety of citizens' virtual assets, Chan revealed that he will introduce the latest situation with the financial regulatory agency and the Legislative Council Finance Committee next Monday (30th). He said that a new regulatory system for managing virtual asset exchanges has been introduced in June this year, which scrutinizes and regulates product suppliers. Afterwards, there will also be corresponding arrangements for demand, such as investor participation, education, etc., to promote the development of the virtual asset market.

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