Hong Kong to Propose Statutory Licensing Regime for VASPs: CE John Lee

Chief Executive of HKSAR John Lee delivered his first policy address Wednesday, indicating that the administration has proposed a bill to establish a statutory licensing regime for virtual asset service providers.

In his first policy address to the Legislative Council, the leader of Hong Kong, who took over the authority in July as the successor of Carrie Lam, expressed his stance towards virtual assets regulation and the outlook as well as the development in terms of digital Hong Kong dollars, according to the latest published policy address.
Speaking of virtual assets among various issues, Lee said:

“On virtual assets, the …
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