Hong Kong is Working on a Mechanism Aimed at Investor Protection

The authorities of Hong Kong have started to develop a system to protect investors who have purchased digital currencies.

Eddie Yue, head of the Monetary Authority of Hong Kong, has noted that in addition to the mechanism for protecting crypto investors, it is necessary to develop a regulatory framework for regulating operations with national digital currencies (CBDC).

Hong Kong has encouraged other Asian countries to work together to ensure the transparency of such transactions. The Reserve Bank of New Zealand and the Bank of Korea are ready to cooperate with him.

The head of the Monetary Authority has said:

“Hong Kong will soon introduce an anti-money laundering and investor protection mechanism.”