Hong Kong Plans to Implement its Crypto Regulation in 18 Months
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In the next 18 months, Hong Kong is preparing to bolster its regulation of digital assets, a pivotal move towards cementing its position as a leading global center for financial technology.
At the annual Foresight 2024 summit, David Chiu, a member of the Legislative Council of the Hong Kong Special Administrative Region (Technology and Innovation), unveiled the city’s strategic blueprint for attracting tech talent, developing new infrastructure, and implementing robust legislative oversight.
Chiu stressed the importance of this initiative for the technology sector in the next five to ten years.
He stated:
“While the digital asset industry has made significant advancements in recent years, we are still in the early stages.”
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