TechFlow news, on June 8, Justin Sun, founder of TRON and member of the Huobi Global Advisory Committee, tweeted: "Hong Kong's commitment to providing an open and clear regulatory environment for Web3 is very encouraging. As part of this, TRON is excited to see where this journey will take us."
According to the article reposted by Justin Sun, Hong Kong Legislative Council member William Woo, in an interview, stated that Hong Kong has relatively clear regulatory policies toward virtual assets. Aside from exchanges and virtual asset management, Hong Kong has not indicated a need to regulate other areas. For instance, gaming tokens that do not involve securities or futures will remain unregulated, making Hong Kong relatively free in developing its Web3 ecosystem.
Meanwhile, since the "Guidelines for Virtual Asset Trading Platform Operators" came into effect on June 1, the Securities and Futures Commission (SFC) of Hong Kong has begun accepting license applications from virtual asset trading platform operators, allowing retail investors to use licensed platforms. This move further demonstrates Hong Kong’s openness toward virtual assets and its determination to promote Web3 development.
