The Australian info The Hong Kong federalgovernment hasactually presented a expense to enable retail financiers to straight invest in digital properties, marking a plain departure from mainland China’s blanket restriction on crypto. The relocation was validated in a speech by Hong Kong’s Secretary for Financial Services and the Treasury (SFST), Christopher Hui, at the SFST’s Executive Roundtable on October21 1/ Hong Kong financiers will be able to invest straight in crypto properties! Elizabeth Wong, head of the fintech department, confirmed that regulators are considering allowing exchanges and other intermediaries to sell cryptocurrencies directly to retail investors. pic.twitter.com/HquF1dE1yh — CORE Web3.1 (@qinxiancong) October 21, 2022 Hong Kong Looks to Embrace Web3 Hui’s verification follows comments reported earlier in the week from the head of Hong Kong’s Securities and Futures Commission (SFC), Elizabeth Wong, who stated the Special Administrative Region was looking to present a costs which would permit retail financiers to “directly invest into virtual properties.” Wong’s remarks came throughout a panel conversation held by InvestHK on October 17, throughout which she highlighted how essential the ‘one nation, 2 systems’ technique to the guideline of Hong Kong’s monetary sector hadactually been in the previous, stating it “forms the fundamental structure to Hong Kong monetary markets.” Wong included that the SFC was likewise actively thinkingabout tabling a expense permitting retail financiers to invest straight into digital possessions. Hui’s speech has consideringthat validated the intro of this expense, with the Secretary specifying: “On virtual possessions, we haveactually presented a costs to propose developing a regulative routine for virtual property service companies.” Secretary for Financial Services and the Treasury (SFST), Christopher Hui Hui spoke more broadly about fintech, exposing that the style of this year’s Hong Kong Fintech Week, which runs from October 21 to November 4, will be “Pushing Boundaries, Reaping Benefits”, and will focus on emerging Web3 innovations such as metaverse. For the veryfirst time, t
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