Government issues Policy Statement on development of Virtual Assets in Hong Kong

The Government today (October 31) issues a policy statement on the development of Virtual Assets (VA) in Hong Kong. Hong Kong is relaxing its strict cryptocurrency regulation. The Government and the regulators are exploring a number of pilot projects to test the technological benefits brought by VA and their further applications in the financial markets. These projects include non-fungible token (NFT) issuance for Hong Kong Fintech Week 2022, Green bond tokenisation, and e-HKD.

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