Hong Kong To Release Second Virtual Asset Policy Declaration

According to PANews, Hong Kong's Financial Secretary, Paul Chan, announced during the release of the Budget that a second virtual asset policy declaration is forthcoming. Sources indicate that this declaration is expected to be published in the second quarter of the year. The new policy aims to enhance market development while balancing growth and regulation. Additionally, the scope of the policy document will be broader, extending beyond individual departments such as the Securities and Futures Commission or the Monetary Authority. There is no intention for a single institution to regulate virtual assets.