Hong Kong's Finance Secretary Paul Chan addressed cryptocurrency regulation at the World Economic Forum in Davos. Speaking at a closed-door workshop, Chan emphasized the importance of balancing innovation with appropriate regulatory guardrails for digital assets. He stated that the region's approach is based on the principle of "same risk, same regulation." The development signals Hong Kong's continued focus on establishing a clear regulatory framework for the cryptocurrency sector while acknowledging the need to foster innovation.

Hong Kong's Finance Secretary Paul Chan addressed cryptocurrency regulation at the World Economic Forum in Davos. Speaking at a closed-door workshop, Chan emphasized the importance of balancing innovation with appropriate regulatory guardrails for digital assets. He stated that the region's approach is based on the principle of "same risk, same regulation." The development signals Hong Kong's continued focus on establishing a clear regulatory framework for the cryptocurrency sector while acknowledging the need to foster innovation.