Wu Jiezhuang: Hong Kong launches consultation on legislative proposals for digital asset trading and custody

Hong Kong Legislative Council member Ng Kit-chung posted on X, "Welcome to the new progress made by the Hong Kong SAR Government's Financial Services and the Treasury Bureau in promoting digital asset trading." He stated that the SAR Government has announced the formal commencement of consultations on legislative proposals for digital asset trading and custody services. He pointed out that these legislative proposals will, on the one hand, establish the compliant positioning of OTC and custody services for encrypted and digital assets, and on the other hand, help combat suspected fraudulent activities under the guise of related activities, reducing the risk of losses for citizens.