Summary
- The Hong Kong government has announced changing the official name of 'Virtual Assets' to 'Digital Assets'.
- Industry experts evaluated that 'Digital Assets' is a comprehensive concept that includes the tokenization of existing financial products.
- With the change of terms, the policy scope and growth vision for the 'Digital Assets' industry have become clearer.
The Hong Kong government has changed the official term for 'Virtual Assets' to 'Digital Assets'. The aim is to clarify the policy direction for the digital asset industry.
According to Odaily on the 26th (local time), the Hong Kong government announced the replacement of the previously used term 'Virtual Assets' with 'Digital Assets' in the release of the 'Digital Asset Development Policy Statement 2.0'.
Industry experts evaluated that "'Digital Assets' is a comprehensive concept that includes even the tokenization of existing financial products" and emphasized its significance, mentioning that it could create a more positive image compared to virtual assets.
Qiu Dagen, a member of the Hong Kong Legislative Council, stated, “With the change in terminology, the policy scope of digital assets has expanded," and added, "This will enable a clearer explanation of the future vision and direction of the digital asset industry."
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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