Hong Kongs Government publishes pioneering fundamental declaration on the promotion of digital assets

Hong Kongs Government publishes pioneering fundamental declaration on the promotion of digital assets

Hong Kong's second fundamental declaration for the development of digital assets

On June 26, 2023, the Hong Kong government published its second official fundamental statement on the development of digital assets. With this step, the government signals increased engagement in the promotion and regulation of this emerging market.

The explanation emphasizes the importance of digital assets for the future economic development and innovative strength of the region. Hong Kong, as one of the global financial centers, aims to position yourself as a pioneer in blockchain technology and the associated applications. The government plans to create a legal and regulatory environment that promotes innovations and guarantees the protection of consumers.

The fundamental declaration includes several key areas, including the regulation of crypto currencies, supporting start-ups in the field of fintech innovations and creating requirements for international collaborations. The aim is to establish a clear and transparent set of rules that offers both actors in the digital asset sector and investors.

In this context, the importance of education and education is also emphasized in order to strengthen understanding and trust in digital assets. The government is planning initiatives to increase awareness of these technologies in the general public and to train specialists who can support the industry.