Hong Kong's Financial Services and the Treasury has responded to the Legislative Council's questions regarding the government's stance on digital currencies. The government has taken steps to regulate digital assets, including treating them as traditional financial instruments under the same regulations. They have also amended anti-money laundering rules and established clear guidelines for stablecoin operations. The government has no plans to create a new authority to regulate digital assets and will instead rely on existing financial authorities. As for adding digital assets to reserves, Hong Kong is considering the possibility of investing in BTC. Meanwhile, in South Korea, the progress of digital asset reforms has been slowed by the imposition of martial law, which has diverted attention away from virtual assets. The approval of securities token offerings (STOs) and the implementation of real-name corporate digital asset accounts have been put on hold. The political crisis in the country has cast uncertainty over the future of digital asset regulations.



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