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Wu said that Hong Kong Legislative Council member Wu Jie-zhuang posted on X, stating, "Welcome the Hong Kong SAR Government's Financial Services and the Treasury Bureau for making new progress in promoting digital asset trading." He mentioned that the SAR government has officially launched consultations on legislative proposals for digital asset trading and custody services. He pointed out that this legislative proposal will, on one hand, establish a compliant position for crypto and digital asset OTC and custody services, and on the other hand, help combat suspected scams carried out under the guise of related activities, reducing the risk of losses for citizens.