Hong Kong Legislative Council member Qiu Dagen suggests that the Securities and Futures Commission establish an independent digital asset department and build an international digital asset hub by 2032

Hong Kong Legislative Council member Qiu Dagen has released a policy proposal, suggesting that the Hong Kong Securities and Futures Commission establish an independent department dedicated to digital assets, and propose the goal of building Hong Kong into an international digital asset hub by 2032. At the same time, it is suggested to establish an early investment channel for the Web3 financial sector, explore the establishment of a Hong Kong version of Web3 Pinksheet off exchange fundraising mechanism, and promote the tokenization of RWA physical assets and the development of tokenized stocks. (Source: Hong Kong Business Daily)