The focus of crackdown is clearer: judicial resources will be more concentrated on genuine criminal activities—such as using virtual currencies for scams, pyramid schemes, and money laundering. This is beneficial for purifying the community environment.
Responding to reality and trends: Hong Kong's virtual asset licenses are being issued rapidly, and places like Singapore and Dubai are actively regulating. The more detailed and rational judgments emerging from our judicial system reflect the adaptation to the development trend of financial technology and also demonstrate regulatory wisdom.
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The focus of crackdown is clearer: judicial resources will be more concentrated on genuine criminal activities—such as using virtual currencies for scams, pyramid schemes, and money laundering. This is beneficial for purifying the community environment.
Responding to reality and trends: Hong Kong's virtual asset licenses are being issued rapidly, and places like Singapore and Dubai are actively regulating. The more detailed and rational judgments emerging from our judicial system reflect the adaptation to the development trend of financial technology and also demonstrate regulatory wisdom.