๐ญ๐ฐ New: Hong Kong is issuing its second policy statement on digital assets this month! ๐
โโโโโโโโโโโโโโโ
๐ฃ๏ธ Official confirmation:
Hong Kong's Financial Secretary, Paul Chan, stated that Hong Kong will issue its second policy statement on the development of digital assets this month (June 2025). ๐ This confirms the city's commitment to becoming a global center for Web 3.
โโโโโโโโโโโโโโโ
๐ก What will the statement include?
* Integration of financial services and innovation: The statement will focus on how to integrate digital assets with traditional financial services. ๐ค
* Expanding application scenarios: It will also include the expansion into various use cases for digital assets. ๐
* Regulatory compliance: This comes after Hong Kong has already launched a licensing system for digital asset trading platforms and stablecoins, and is working on developing regulations for over-the-counter (OTC) trading and custody. ๐๏ธ
โโโโโโโโโโโโโโโ
๐ Importance of this step:
* Building trust: It reflects the increasing confidence in digital assets by regulatory authorities, attracting more institutional investments. ๐ฐ
* Asian leadership: It confirms Hong Kong's position as a leading hub in Asia for the development of Web 3 technologies and digital finance. ๐
* The future of cryptocurrency: It enhances the regulated environment for cryptocurrencies, opening the door for further innovation and adoption. ๐
โโโโโโโโโโโโโโโ