📢Latest news: The Hong Kong Monetary Authority (HKMA) announced that it will rename "virtual banks" to "digital banks"!

Cryptocurrencies do not directly belong to digital banks, but the two can be combined with each other

Does it mean that the market for cryptocurrencies will soon be popularized in the domestic environment?

This decision aims to more accurately reflect the current banking business model and enhance the public's trust in digital banks. With the rapid development of digital finance, HKMA's move will help promote further innovation and growth in Hong Kong's fintech ecosystem. 🌐

💼This name change is not just a change of terminology, but also marks a new beginning that will promote broader financial inclusion, especially in the era of Web3 and digital assets.

At the same time, Hong Kong also plans to protect consumer interests by strengthening regulations to ensure market stability and security while promoting innovation.

Let us wait and see how this change will accelerate Hong Kong's leading pace in the global digital banking field, and look forward to more emerging financial technologies to create new value with the public! 🚀