Financial Secretary of Hong Kong: The SAR government will issue a virtual asset-related policy declaration during Fintech Week

According to the Lianhe Zaobao report, Chen Maobo, the Financial Secretary of the Hong Kong Special Administrative Region Government, said, "The Special Administrative Region Government will issue a policy declaration on the development of virtual assets in Hong Kong during the upcoming Fintech Week (October 31 to November 4). It will clearly express the government's position, demonstrate to the global industry the vision of promoting Hong Kong's development into an international virtual asset center, and its commitment and determination to explore financial innovation with the global asset industry." Chen Maobo mentioned that "Hong Kong Fintech Week" will add new elements , including a limited edition of Proof of Attendance Protocol (POAP) tokens that will be distributed to participants in the form of non-fungible tokens (NFTs) on a first-come, first-served basis. Token holders will then be able to create their own avatars through 3D scanning to provide guests with a new experience, and will be able to use their tokens to give priority to participating in other industry events in the future.