Hong Kong Legislator Welcomes Global Institutions Investing in Compliance Licensed Virtual Asset Institutions
Senior Hong Kong legislator Ng Kit-chuang, a member of the National Committee of the Chinese People’s Political Consultative Conference, gave a statement today, encouraging positive interaction between global investors and the licensed institutions of listed companies in the sphere of virtual assets. According to BlockBeats news, Ng hailed the participation of international investors as a validation of the SAR government's positive Web3 policy measures.
Ever since the SAR government liberalized its virtual asset policy last year, several international institutions have explored investment and operational opportunities in Hong Kong, which could see the city-state become a global Web3 hub for compliant virtual assets.
Despite reports of unlicensed exchanges vowing to remain operational, Ng appeals to the public to favor licensed virtual asset exchanges when investing and to fully understand the varying products and risks involved in their investment decisions.
This invitation reflects a cooperative outlook within the regulatory landscape, suggesting further global investment in Hong Kong's budding virtual asset market, while maintaining user safety through licensed exchange use.
