Liang Hanjing, Director of Fintech at Invest HK Hong Kong, stated that they think that the amendments to the legislation regulating virtual asset service providers (VASP) will pass the parliament in the first quarter of 2023.
Liang Hanjing said in an interview recently that there are several legal entities currently operating in Hong Kong. VASP and that with the prepared law amendment, will increase stated. with Hong Kong’s financial technology industry closely relating to Stating that he is the director of cryptocurrencies, many sectors development suggested that it could be used for
of Hong Kong digital finance to the industry intense interest expressing that he heard; blockchain, artificial intelligence, cloud technologies and big data sets next 10 per year widespread aspect stated to be used. Director, government’s efforts to develop financial technology in Hong Kong private sector and with foreign sources contact in case of reported that.
Expressing that digital assets can be used to support industries, Hanjing said, sample aspect real estate industry with digital assets. can be revived suggested. It is one of the medium-sized real estate projects whose liquidity is currently very low. real estate trust fund by converting tokenized to the real estate sector, if with low costs a high liquidity Stating that digital assets can be added to the industry, the director stated that the use of by the way somebody may be expressed.
Currently legally tokenized securities in Hong Kong can be sold “OSL” and “HASHKEY” for the license of some companies, such as your preparations continue stated that he did. Government companies on Hanjing licensing incentive that you did told.
Hanjing, on the other hand, is Hong Kong’s in terms of regulation. compatible with world standards a Protocol to combat money laundering and terrorist financing He said he was trying to create. July legislation regulating VASPs in to the improvement first reading of the proposed amendment has been completed Hanjing, stating that the amendment law in the first quarter of 2023 that it is expected to enter into force.