View: Quasi-loan transactions will drive Hong Kong to increase virtual asset transaction volume

PANews February 20th news, according to Hong Kong media Oriental Network, the Hong Kong Securities Regulatory Commission released the newly formulated "ASPIRe" virtual asset roadmap. Hong Kong Legislative Council member Wu Jiezhuang said that some licensed trading platforms in Hong Kong are currently, even professional investors. There are only 20 to 30 products, while there are more than 1,000 in the United States. I believe that a large number of related products can be listed on the licensed trading platform in Hong Kong. Allowing loan transactions will help increase the transaction volume of Hong Kong's virtual assets.

Data shows that the current liquidity of Hong Kong licensed virtual asset trading platforms is insufficient. Even platforms with higher liquidity have a daily turnover of less than US$100 million, which is too low compared with the US$5.9 billion scale of similar platforms in the United States.