According to Hong Kong media reports, a number of large international virtual asset trading platforms have withdrawn their license applications in Hong Kong recently. 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 large-scale virtual currency industry stakeholders with existing scenarios and encourage them to push in the direction of compliance, which is more meaningful for the industry. For Circle, the world's second largest stablecoin issuer, which intends to develop in Hong Kong, CertiK can assist in verifying the reserves of Circle, the stablecoin issuer, in other places.