🚀 Hong Kong Chief Executive John Lee announced that the government will continue to promote innovative financial services such as central bank digital currency, mobile payment, virtual banking, virtual insurance and virtual asset trading! Measures include:

1️⃣ Promote the cross-border payment application of central bank digital currency. The Hong Kong Monetary Authority is testing a variety of technical solutions.

2️⃣ Improve the regulation of virtual assets and transactions. The Treasury Bureau will complete the second round of consultation.

3️⃣ Promote the tokenization of real-world assets and the digital currency ecosystem.

What do you think of these new policies? Welcome to discuss in the comment section!