Editor's PiCK
Hong Kong to Announce Additional Digital Asset Policy Statement This Month…"Will Combine Finance and Technology"
Summary
- The Hong Kong government has announced plans to release its second digital asset policy statement this month.
- The upcoming policy statement will focus on the integration of financial services and technological innovation as well as expanding the utilization of digital assets.
- Paul Chan, Hong Kong’s Financial Secretary, said regulatory frameworks for custody and OTC trading are currently being developed.
The Hong Kong government announced that it is scheduled to release its second digital asset policy statement within this month.
According to BlockBeats, a virtual asset (cryptocurrency) specialized media outlet, on the 13th, Paul Chan, Hong Kong’s Financial Secretary, stated during his speech at the China Financial Summit Forum that “Hong Kong has already introduced an issuance regime for digital asset trading platforms and stablecoins, and is currently preparing regulatory frameworks for custody and over-the-counter (OTC) trading.” He added, “This month, we plan to release the second policy statement regarding how digital assets can further develop in Hong Kong.”
He further stated, “This policy statement will primarily focus on the integration of financial services and technological innovation, as well as broadening the practical use of digital assets.”
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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