TechFlow news: The Hong Kong Special Administrative Region government today released a policy statement on the development of virtual assets in Hong Kong, aiming to promote the growth of the virtual asset industry locally. Measures include expediting preparations for a new licensing regime for virtual asset service providers, removing previous restrictions that limited participation to professional investors with at least HK$8 million in assets, and opening up virtual asset trading to retail investors. These moves continuously send positive signals to the market. It is reported that OKX, a globally leading virtual asset trading platform, is planning to apply for such a license.
In response, Lennix Lai, Director of Financial Markets at OKX, said in an interview with TVB NEWS that the signal sent by Hong Kong is very important and provides clear direction. Lennix believes that although initial requirements may involve thresholds such as HK$8 million in assets or investing via ETFs, seeing the Hong Kong government adopt an increasingly open stance has already given them sufficient confidence to invest in Hong Kong. For the industry, this will attract more projects and talent to move into Hong Kong.
