PANews reported on April 10 that according to official news, the Digital Asset Alliance held its inauguration ceremony at the Legislative Council of Hong Kong on April 9. The Democratic Alliance for the Betterment and Progress of Hong Kong, China Merchants Financial Holdings, Hong Kong Web3.0 Association, School of Business and Economics of the University of Hong Kong, Cloud Innovation Institute of Hang Seng University of Hong Kong, Hong Kong Digital Asset Society and HashKey Group are co-sponsors. The establishment of the alliance aims to gather the strength of multiple parties, provide policy recommendations for the development of digital finance in Hong Kong, and jointly promote the development of digital finance by government, enterprises and academia.
As the only virtual asset institution representative in the alliance, Ru Haiyang, co-CEO of HashKey Group Exchange Business Group, said that Hong Kong's clear virtual asset regulatory framework provides important guidance for the development of the industry. As an industry participant, HashKey Group will rely on its professional advantages in compliant transactions, asset custody and blockchain technology to build a communication bridge between the industry and regulators, help Hong Kong seize the development opportunities of Web3, and build a world-leading digital asset hub.
At the establishment ceremony, Democratic Alliance for the Betterment and Progress of Hong Kong (DAB) Legislative Council member Chan Chung-ni said that the Digital Asset Alliance will integrate opinions from all sectors through a series of exchange activities and submit a policy recommendation report to the SAR government, covering key areas such as regulatory optimization, infrastructure improvement and cross-border collaboration, to support the healthy development of Hong Kong's digital financial ecosystem.
