Hong Kong, a city renowned for its dynamic financial landscape, may be toying with groundbreaking changes in its digital asset approach. In a recent letter, Mr. Chen Zhihua, President of the Hong Kong Securities and Futures Association, proposed introducing an “Initial Coin Offering (ICO) mechanism” in Hong Kong.
The suggestion was one of many made by Zhihua as a potential solution to drive its economic revival. Zhihua said,
“Hong Kong’s economy has not yet fully recovered after the epidemic, and although Chief Executive John Lee has announced the future development direction[…] the industry believes that there are still many aspects that can be improved to stimulate the development of Hong Kong’s financial industry.”
By formalizing ICOs, Hong Kong would be a nurturing ground for crypto startups and investors seeking regulated and secure opportunities.
The letter emphasizes the importance of government engagement in economic recovery and policy-making, highlighting the ne
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