The Hong Kong Virtual Asset Rating Agency (HKVAC) has been established and will launch virtual asset indices and exchange ratings

ChainCatcher news, the Hong Kong Virtual Asset Rating Agency (HKVAC) has officially been established and is launching the "Virtual Asset Index" and "Virtual Asset Exchange Rating." Among them, the HKVAC Large Cryptocurrency Index reflects the overall performance of high market capitalization cryptocurrencies in the global cryptocurrency market; the Virtual Asset Exchange Rating reflects the credit status of trading platforms and promotes transparency and accountability in the virtual asset trading market.

It is reported that HKVAC was initiated by professional rating agencies and industry stakeholders, including big data companies, exchanges, institutional investors, and is composed of Hong Kong licensed rating agencies. (source link)