The Financial Secretary of Hong Kong urged for a greater emphasis on transparency and adequate supervision when working with virtual assets only days after Binance CEO Changpeng “CZ” Zhao recommended more regulatory review in the wake of the FTX crash. Hong Kong to Emphasize Growth of Virtual Assets Paul Chan, Hong Kong’s financial secretary, emphasized the significance of being slow and careful when encouraging the growth of the virtual asset business. Chan’s post was accompanied by a poster stating that while aggressively demonstrating the ability, there needs to be a regulatory framework that develops and keeps pace with the trends The post Hong Kong to Prevent Case Related to FTX Via Openness and Oversight appeared first on Cryptoknowmics-Crypto News and Media Platform .
