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Hong Kong Releases Digital Asset Development Policy Declaration 2.0

Summary: According to Jinshi data, the Hong Kong SAR government today (26th) released the 'Hong Kong Digital Asset Development Policy Declaration 2.0', reaffirming the SAR government's commitment to making Hong Kong a global innovation center in the field of digital assets. The new policy declaration is based on the measures proposed in the first policy declaration ...

According to Jinshi data, the Hong Kong SAR government today (26th) released the 'Hong Kong Digital Asset Development Policy Declaration 2.0', reaffirming the SAR government's commitment to making Hong Kong a global innovation center in the field of digital assets. The new policy declaration is based on the measures proposed in the first policy declaration in October 2022.

Financial Secretary Paul Chan stated that 'Policy Declaration 2.0' demonstrates the SAR government's vision for the development of digital assets and promotes the diversification of application scenarios through the practical application of tokenization. By combining prudent regulation and encouraging market innovation, a more vibrant digital asset ecosystem that integrates with the real economy and social life will be built to bring benefits to the economy and society, while consolidating Hong Kong's leading position as an international financial center.

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