Liang Fengyi: The Hong Kong Securities and Futures Commission is actively building a virtual asset ecosystem, and the next step will be to regulate over-the-counter trading and custodial institutions for virtual assets

ChainCatcher news, during the Caixin Summer Summit, the CEO of the Hong Kong Securities and Futures Commission, Ashley Alder, stated that the Hong Kong SFC had proposed a regulatory framework for virtual assets from the perspective of investor protection as early as 2018. Bitcoin has become an alternative asset and a tool for competing for financial supremacy against the backdrop of multiple cycles, geopolitical factors, and digital development. Hong Kong adopts the regulatory principle of "same business, same risks, same rules," and in addition to the licensed exchanges, the next step will be to include over-the-counter trading and custodial institutions in the regulation.

The Hong Kong SFC is actively building a virtual asset ecosystem. This robust ecosystem must be compliant, risk-controlled, and sustainable to enable investors to seize new opportunities. The Hong Kong SFC supports the listing of ETFs for virtual asset spot trading and is expanding the relevant scope, such as recently allowing virtual asset staking services.