Techub News: According to Hong Kong Commercial Daily, Hong Kong Financial Secretary Paul Chan said today during a program appearance that virtual currencies are part of financial innovation and Hong Kong should embrace them. However, the confidentiality of blockchain technology may pose risks such as insufficient investor protection, impact on anti-money laundering, and threats to financial stability. The Hong Kong government must handle this carefully and incorporate it into an appropriate regulatory framework. Chan also expressed reservations about comprehensively promoting virtual currency investments to the public, believing that education and publicity should be strengthened.
Techub News: According to Hong Kong Commercial Daily, Hong Kong Financial Secretary Paul Chan said today during a program appearance that virtual currencies are part of financial innovation and Hong Kong should embrace them. However, the confidentiality of blockchain technology may pose risks such as insufficient investor protection, impact on anti-money laundering, and threats to financial stability. The Hong Kong government must handle this carefully and incorporate it into an appropriate regulatory framework. Chan also expressed reservations about comprehensively promoting virtual currency investments to the public, believing that education and publicity should be strengthened.