Hong Kong Financial Secretary: Considering Replacing "Virtual Assets" with "Electronic Currency, Electronic Assets"
Hong Kong Legislative Council member Duncan Chiu has called for the term "virtual assets" to be renamed "digital assets." In response, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, agreed that the term "virtual assets" might be misunderstood by the public. He stated that the Hong Kong government currently uses "electronic currency" and "electronic assets" in its promotions. Although the terminology in the current legislation has not been amended, it will be revised in the future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
American Express Stock Shocks Despite Positive Revenue and Earnings
The AI arms race extends upstream! Reports say Intel, Nvidia, and AMD are prepaying over 100 billions NTD to secure advanced IC substrate production capacity.
NVIDIA, Intel, and AMD have collectively spent $5 billion in advance payments to aggressively secure high-end IC substrates from Taiwan. Driven by "big money for guaranteed orders," the top three Taiwanese substrate manufacturers have invested a record NT$161.2 billion to expand their production capacity. The tech giants' substantial financial commitments to secure supply chains highlight the intense competition and extreme scarcity of core AI materials.
Crypto prices
More
