Hong Kong Officially Changes the Term "Digital Currency"
On June 27, media outlets in Hong Kong, especially Sing Tao Daily, reported that the Hong Kong government issued the Digital Asset Development Policy Statement 2.0. The statement shows an official change from the term "digital currency" to "digital assets". This terminology adjustment demonstrates that digital assets are more comprehensive, including the Tokenization of existing financial products and creating a more positive image.
Impact on the Industry
Hong Kong Legislative Council member Mr. Qiu Dagen emphasized that after changing the name, the concept of digital assets has become broader, thereby clarifying the vision and next policy direction. This can be seen as an important step in building a foundation for innovation in the financial and technology sectors.
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Read more: Hong Kong's Digital Asset Development Policy Statement 2.0: LEAP Framework Aimed at Building a Global Innovation Center.