Hong Kong Treasury Department Deputy Secretary Chan Ho-lim called on investors to participate in virtual currency trading through licensed exchanges

Hong Kong's Deputy Secretary for Financial Services and the Treasury, Chan Ho-lim, called on investors to participate in virtual currency trading through licensed exchanges. Chan Ho-lim said that the Hong Kong government is working hard to build the entire ecosystem, and the Invest Hong Kong is actively promoting related companies to expand their business in Hong Kong. The ecosystem of virtual assets is not only exchanges, but also virtual asset exchange-traded funds, and central bank digital currencies (CBDCs) and other products. Consultation on the regulation of stablecoins has been completed, and relevant legislation is currently being prepared for submission to the Legislative Council for deliberation. (Hong Kong Commercial Daily)