🚨🚨 #HongKongCrypto 🚨🚨

❓🔥 What is Hong Kong's Second Virtual Asset Policy Declaration?

📢 Big Announcement! Paul Chan, Hong Kong’s Financial Secretary 🏛️, revealed in the Budget speech 📜 that a new virtual asset policy declaration is coming! 🚀

📅 When? Expected release in the second quarter of the year 🗓️.

📈 Goal? To boost market growth 📊 while maintaining regulatory balance ⚖️.

🌍 Broader Scope! Unlike the previous policy, this one will cover multiple regulatory bodies 🏦🔎, not just the Securities and Futures Commission (SFC) or the Monetary Authority.

❌ No Single Regulator! The government does NOT plan to assign one institution to regulate virtual assets 🚫🏛️.

🌐💎 Crypto & Web3 Impact? This move reinforces Hong Kong’s ambition to be a global hub for crypto 💰, Web3 🌍, and blockchain innovation 🔗.