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

2026-02-02 01:30:52

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Deep Tide TechFlow News, February 2nd, 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 connected to the traditional financial system.” In conjunction with the Greater Bay Area initiative, Hong Kong can connect to mainland cities’ 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 custody and OTC trading regulations, and may allow professional investors to conduct higher volume transactions.

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

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