Hong Kong Deputy Minister of Financial Services and Treasury Chan Ho-Lin said that they will continue to regulate the cryptocurrency industry.
Speaking at Fintech Week, Chan said that Hong Kong has started licensing cryptocurrency platforms in the world. one of the first places said that.
The government plans to advance its legal efforts towards the cryptocurrency industry. According to local news sources, Hong Kong’s central bank, the HKMA, said banks Providing custody services for cryptocurrencies will seek the opinion of the banking sector on the subject.
According to the statements made by Chan, the government has expanded the scope of cryptocurrency regulations. beyond transactions made on trading platforms plans to move.
The Bureau of Financial Services and Treasury, together with the HKMA stablecoin issuers It will seek public opinion on the rules it will be subject to.
Chan describes companies in the cryptocurrency industry as “clear, stable and predictable” He emphasized the importance of guidance in some way.
Commenting on Web3, Chan added that Web3 technology can solve many problems and reduce costs in areas such as finance, education and industry.