ChainCatcher news, according to CoinDesk, the Secretary for Financial Services and the Treasury of the Hong Kong SAR Government, Hui Ching-yu, said in an interview that he believes that cryptocurrency is more like an investment tool rather than an attempt to get rid of the shackles of legal tender.
In addition, Xu Shiren said that what excites him most is the tokenization of green bonds, which makes the originally cumbersome issuance and investment process more streamlined. He also said technology can really solve bottlenecks in many areas, such as shortening the subscription time for initial public offerings.
Regarding whether Hong Kong allows licensed crypto exchanges to provide services to retail investors, Xu Shiren responded: “We need to consult the market. As the market and industry change, we work with them to reduce risks, manage them, and develop this ecosystem ." (CoinDesk)