Wu Jiezhuang: Hong Kong Digital Asset Development Policy Declaration 2.0 can smooth out market chaos

Odaily News Hong Kong issued the "Hong Kong Digital Asset Development Policy Declaration 2.0", proposing four key points, including optimizing laws and regulations, and conducting public consultation on the licensing mechanism for digital asset trading and custody service providers. The Securities and Futures Commission will be responsible for licensing, registration and setting standards, and the Hong Kong Monetary Authority will supervise banks' digital asset trading and custody activities.
Wu Jiezhuang, a member of the Legislative Council of the Election Committee, said that it has been nearly three years since the last declaration, and the results have been seen, attracting talents and funds to Hong Kong. He believes that the policy declaration 2.0 has clear, ambitious and sustainable goals, and also has specific suggestions. He also believes that it can sort out the chaos in the digital asset sector in the past and help the development of the industry. (RTHK)