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Hong Kong Chief Executive’s 2024 Policy On Virtual Assets

Author: Content Editor
Hong Kong has introduced its Chief Executive’s 2024 Policy Address which includes measures to strengthen its virtual asset models. The government plans to promote innovative financial services such as central bank digital currency, mobile payment, virtual banking, virtual insurance, and virtual asset trading. They are also advancing cross-border payment solutions using CBDCs and exploring additional technical solutions for cross-border trade settlements. The government aims to enhance the regulation of virtual asset transactions and encourage tokenization of real-world assets. They will also promote the digital securities market by introducing a subsidy scheme for adopting tokenization technology.

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