Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association 

Last week’s data-ct-non-breakable=”null” href=”https://www.info.gov.hk/gia/general/202506/26/P2025062600269.htm” rel=”noopener nofollow” target=”_blank” title=”null”>announcement of Hong Kong’s LEAP Digital Assets Policy Statement 2.0 was made with much anticipation and fanfare. The government of Hong Kong promised a comprehensive regulatory framework that will unify licensing and “expand the suite of tokenised products.” 

Yet beneath the hype and visible maneuvers lies a far more consequential move: Beijing’s ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/which-countries-secretly-own-the-most-bitcoin-beyond-the-us-and-china#:~:text=Second%20on%20the%20Bitcoin%20ownership,largest%20crypto%20seizures%20in%20history.” title=”null”>the world’s second largest holder of crypto) announcement of its intention to liquidate confiscated virtual…

Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association 

Last week’s data-ct-non-breakable=”null” href=”https://www.info.gov.hk/gia/general/202506/26/P2025062600269.htm” rel=”noopener nofollow” target=”_blank” title=”null”>announcement of Hong Kong’s LEAP Digital Assets Policy Statement 2.0 was made with much anticipation and fanfare. The government of Hong Kong promised a comprehensive regulatory framework that will unify licensing and “expand the suite of tokenised products.” 

Yet beneath the hype and visible maneuvers lies a far more consequential move: Beijing’s ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/which-countries-secretly-own-the-most-bitcoin-beyond-the-us-and-china#:~:text=Second%20on%20the%20Bitcoin%20ownership,largest%20crypto%20seizures%20in%20history.” title=”null”>the world’s second largest holder of crypto) announcement of its intention to liquidate confiscated virtual…