Visiting professor of the Hong Kong Institute of Financial Management: Hong Kong may slow down the development of virtual asset trading

Yang Yuchuan, a guest professor at the Hong Kong Institute of Financial Management, said that the cryptocurrency boom has risen rapidly in the past few years. High-risk operations have exploded in an unregulated environment, and celebrity politicians have supported the formation of this currency circle storm. The virtual trading platform is first and foremost a trading virtual currency, which is inherently risky and has no guarantee of its value, which is characterized by high risk. It is not easy for the government to incorporate these (virtual asset transactions) into regulation. Hong Kong should slow down the development of virtual asset transactions, and the government should strengthen investment risk propaganda and educate investors to be cautious and vigilant. It is not recommended for ordinary retail investors to invest in such projects.