According to online reports, according to the Hong Kong media Hong Kong Economic Journal, many large international virtual asset trading platforms have recently withdrawn their license applications in Hong Kong. Gu Ronghui, co-founder of CertiK and a member of the Web 3.0 Development Task Force, said that the Hong Kong government should first supervise existing scenarios. Large virtual currency industry stakeholders should encourage them to move in the direction of compliance, which will have a more meaningful impact on the industry. Regarding Circle, the world's second-largest stablecoin issuer, interested in coming to Hong Kong for development, CertiK can help verify Circle's reserves in other places.