Wu Jiezhuang: Suggest establishing a dedicated agency or department in Hong Kong to oversee the development of digital and crypto assets comprehensively

2026-02-12 03:44:00

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Mars Finance reports that Hong Kong Legislative Council member Wu Jiezhuang posted on the X platform stating that the gradually loosening policies in Hong Kong will enable licensed companies and industry practitioners to better realize their potential. The Chief Executive has announced that the first stablecoin issuer licenses are expected to be issued starting in March this year. This is believed to further enhance societal acceptance and practical application of Web3. It is recommended that Hong Kong consider establishing a dedicated agency or department to oversee the overall development of digital and crypto assets. For example, introducing clear guidelines or regulations to make decentralized autonomous organizations (DAOs) more compliant when operating in Hong Kong, attracting more Level 1 blockchain projects to thrive in the city.

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