Wu Jiezhuang: Hong Kong will introduce custody and over-the-counter trading regulations, and may implement reform measures allowing professional investors to conduct large-scale transactions.

Techub News: According to CoinDesk, Hong Kong Legislative Council member Wu Jiezhuang stated in an interview that cryptocurrencies cannot be easily divided by country or economy; they are a whole. The crypto industry requires cross-jurisdictional regulatory coordination and predictability. He hopes the Hong Kong government can strengthen connections with different jurisdictions and promote collaboration among regulatory bodies. Furthermore, he mentioned that the focus of the next stage is on improving the regulatory system. This year, regulations on custody and over-the-counter trading will be introduced, and reform measures allowing professional investors to conduct large-scale transactions may also be implemented.