♾ To satisfy the expanding global crypto market, Hong Kong is thinking about speeding changes to its crypto rules
⏺ Joseph Chan, acting Secretary for Financial Services and the Treasury, underlined Hong Kong's dedication to international standards while noting the complexity of the virtual assets market.
⏺ A more all-encompassing approach has drawn criticism from some legislators, who also speculate about creating a specialized department or commissioner to monitor crypto rules.
⏺ Whether cryptocurrencies ought to be part of Hong Kong's fiscal reserves is still up for debate. Right now, Hong Kong's Exchange Fund targets neither crypto-assets.
⏺ Joseph Chan, acting Secretary for Financial Services and the Treasury, underlined Hong Kong's dedication to international standards while noting the complexity of the virtual assets market.
⏺ A more all-encompassing approach has drawn criticism from some legislators, who also speculate about creating a specialized department or commissioner to monitor crypto rules.
⏺ Whether cryptocurrencies ought to be part of Hong Kong's fiscal reserves is still up for debate. Right now, Hong Kong's Exchange Fund targets neither crypto-assets.