🎉🎉Good news is coming! Hong Kong Deputy Secretary for Security Cheuk Hsiao-yip said yesterday that since virtual currencies are not legal tender, the Customs has no power to control them. This means that cryptocurrencies such as Bitcoin will be more relaxedly regulated in Hong Kong. 👏👏
🔍🔍Cheuk Hsiao-yip stated at the Security Affairs Committee of the Hong Kong Legislative Council that the power conferred by the current laws on the Customs and Excise Department is mainly to monitor money exchange shops. As for how virtual currencies and virtual assets will be controlled in the future, the government and relevant regulatory agencies are continuing to review the development of the situation and continue to improve the regulatory mechanism. 🧐🧐
🌟🌟As Bitcoin supporters, we are optimistic about this. It is believed that the Hong Kong government and regulatory agencies will bring clearer and more reasonable regulatory policies to the cryptocurrency market based on prudent research. 💪💪
🔍🔍Cheuk Hsiao-yip stated at the Security Affairs Committee of the Hong Kong Legislative Council that the power conferred by the current laws on the Customs and Excise Department is mainly to monitor money exchange shops. As for how virtual currencies and virtual assets will be controlled in the future, the government and relevant regulatory agencies are continuing to review the development of the situation and continue to improve the regulatory mechanism. 🧐🧐
🌟🌟As Bitcoin supporters, we are optimistic about this. It is believed that the Hong Kong government and regulatory agencies will bring clearer and more reasonable regulatory policies to the cryptocurrency market based on prudent research. 💪💪