Golden Finance reported that Hong Kong media reported that many large-scale international virtual asset trading platforms have recently withdrawn their license applications in Hong Kong. Gu Ronghui, co-founder of CertiK and member of the Web 3.0 development task force, said that the Hong Kong government should first regulate existing scenarios. Large-scale virtual currency industry stakeholders, encouraging them to push in the direction of compliance will have a more meaningful impact on the industry. For Circle, the world's second largest stablecoin issuer, interested in developing in Hong Kong, CertiK can assist in verifying the stablecoin issuer Circle's reserves elsewhere.