The Hong Kong Treasury Bureau and the Hong Kong Securities and Futures Commission consult on a proposed system to regulate providers of virtual asset trading services and custody services
Internet reports that the Hong Kong Treasury Bureau and the Hong Kong Securities and Futures Commission launched a joint consultation today to introduce a regulatory system for virtual asset trading service and custody service providers. The proposed system will empower the SFC to license and supervise virtual asset trading service providers and custody service providers, and enforce relevant regulations. The SFC will also be responsible for formulating compliance standards for these two important service providers to ensure sound investor protection measures and maintain market integrity based on the principle of "same business, same risks, same rules". This also reflects that the CSRC is actively implementing various plans under the "ASPIRe" roadmap and will continue to build a dynamic, safe and stable digital asset market based on sustainable development. (Hong Kong Securities and Futures Commission)
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