Wu Jiezhuang: This year, Hong Kong will introduce regulations on cryptocurrency custody and OTC trading, potentially allowing professional investors to conduct larger-scale transactions.

ZkProver · 2026-02-05T03:40:15+00:00

Hong Kong Legislative Council member Wu Jiejzhuang stated in an interview that Hong Kong is actively working to become a global connecting hub for the cryptocurrency market. He emphasized that the goal is not to compete with other regions but to serve as a bridge, facilitating communication and cooperation. Wu highlighted the close relationship between cryptocurrencies and traditional financial systems, noting that Hong Kong plans to introduce relevant regulatory measures to promote professional investment. Additionally, he mentioned efforts to foster the integration of artificial intelligence with cryptocurrencies, aiming to enhance innovation and development in the sector.

ZkProver

2026-02-05 03:40:15

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ChainCatcher reports that, according to CoinDesk, Hong Kong Legislative Council member Wu Jiezhuang stated in an interview with CoinDesk that Hong Kong is positioning itself as a global hub for the cryptocurrency market.

Wu Jiezhuang emphasized that Hong Kong should not compete with other jurisdictions but should serve as a bridge. He pointed out, “Cryptocurrency and Web3 are highly interconnected with the traditional financial system.” In conjunction with the Greater Bay Area initiative, Hong Kong can connect with mainland cities through its scale, manufacturing depth, and technical talent, while also providing regulatory clarity and financial credibility. Wu Jiezhuang also mentioned that this year, Hong Kong will introduce regulations for custody and over-the-counter trading, and may allow professional investors to conduct higher-volume transactions.

Wu Jiezhuang also stated that the artificial intelligence sector will integrate with cryptocurrencies, and Hong Kong holds a unique position in this area, capable of handling both Western and Chinese data sets, becoming a platform for global AI company collaborations. He believes Hong Kong’s advantages lie in maintaining openness, regulation, and connectivity, occupying a central role in this still-developing system.

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