Xu Zhengyu: Continuously review and improve the regulatory system to cultivate a more complete Hong Kong virtual asset ecosystem
This article is machine translated
Show original
Odaily reports that the Secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui, said that they are continuously reviewing and improving Hong Kong's regulatory system to foster a more comprehensive virtual asset ecosystem, including developing a comprehensive framework that covers virtual asset exchanges, stablecoin issuers, custodians, and over-the-counter trading activities. Hui said that Hong Kong is building a bridge between traditional finance and the rapidly evolving digital economy, and the regulatory framework has already established a solid foundation for this transformative trend. For example, the Securities and Futures Commission has published regulatory expectations for intermediaries engaging in token-related activities, providing clarity for market participants and creating a trustworthy environment for innovation. He emphasized that the trends of tokenization and the transformations driven by artificial intelligence can only reach their full potential within a reliable and adaptable regulatory system, which will protect the market with fairness, consistency, and the highest standards.
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content