Sources: Hong Kong plans to release the second virtual asset policy declaration in Q2, which will not be regulated by a single institution

ChainCatcher news, according to Hong Kong media Ming Pao, Hong Kong Financial Secretary Paul Chan stated during the announcement of the "Budget" that a second virtual asset policy declaration is set to be published. Sources indicate that the declaration is expected to be released in the second quarter. The new policy declaration will increase the emphasis on market development and better balance development and regulation. Additionally, the scope of the policy document will be broader, not only involving individual departments such as the Securities and Futures Commission or the Monetary Authority, and there is no intention for a single agency to regulate virtual assets.