Techub News Report, according to Hong Kong Commercial Daily, Hong Kong Financial Secretary Paul Chan Mo-po stated today during a program 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, impacts on anti-money laundering efforts, and threats to financial stability. The Hong Kong government must handle these cautiously and incorporate appropriate regulatory frameworks. Paul Chan Mo-po also expressed skepticism about promoting virtual currency investments to the public and believes that publicity and education should be strengthened.

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