Hong Kong Officially Changes the Term 'Cryptocurrency'
On June 27, media in Hong Kong, especially Sing Tao Daily, reported that the Hong Kong government had released the Digital Asset Development Policy Statement 2.0. This statement shows the official change from the term 'cryptocurrency' to 'digital assets'. This terminology adjustment demonstrates that digital assets are more encompassing, including the tokenization of existing financial products and creating a more positive image.
Impact on the Industry
Member of the Hong Kong Legislative Council, Mr. Qiu Dagen, emphasized that after the name change, the concept of digital assets has expanded, thereby clarifying the vision and direction of future policies. This can be seen as an important step to build a foundation for innovation in the financial and technology sectors.
Read More Related
Read more: Hong Kong's Digital Asset Development Policy Statement 2.0: The LEAP Framework to Build a Global Innovation Hub.
Source: https://tintucbitcoin.com/quan-chuc-hong-kong-doi-tai-san-so/
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