Hong Kong Legislative Council Member Li Weihong: Moderately allow retail investors to participate in large-scale cryptocurrency transactions

Hong Kong Legislative Council member Li Weihong (Financial Services) suggested that the Hong Kong SAR government could take optimization measures on the following series of financial policies to further promote the development of Hong Kong's financial services industry. He pointed out that the industry welcomes the SFC's acceptance of the industry's opinions on virtual asset transactions, and moderately allows retail investors to participate in large-scale cryptocurrency transactions; it is recommended that regulators strengthen investor education to steadily increase the number of retail investors involved in more different virtual asset product transactions, and emphasize that their transactions on local compliance platforms will receive greater regulatory protection to promote the development of Hong Kong's virtual asset market. (Ta Kung Pao)