Wu Jiezhuang, a member of the National Committee of the Chinese People's Political Consultative Conference and a member of the Hong Kong Legislative Council, stated that Hong Kong's latest declaration explicitly replaces virtual assets with digital assets as the term; Clear division of labor, with the China Securities Regulatory Commission leading the issuance of digital asset trading and custody service licenses, and the Hong Kong Monetary Authority supervising bank related activities to avoid functional overlap; Showcasing the government's friendliness and recognition towards digital assets; Reduce industry operating costs and strive to improve market liquidity; Hong Kong has a great opportunity to become a benchmark for digital asset compliance innovation in Asia within 3-5 years. http://(wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44617