CEO of the Hong Kong Securities and Futures Commission: Standards for virtual asset trading will be established for retail investors, limited to highly liquid assets

2023-01-11 21:13:20

Collection

ChainCatcher news, according to the South China Morning Post, the new CEO of the Hong Kong Securities and Futures Commission, Julia Leung, stated at the Asian Financial Forum that after the new licensing rules for virtual asset service providers come into effect in June, virtual asset trading will be limited to highly liquid products aimed at retail investors. The SFC will release a consultation paper this quarter detailing the products and conditions for retail investors to trade virtual assets, as well as the licensing requirements for virtual asset trading platforms.

When asked whether the regulator could include cryptocurrencies like Bitcoin or Ethereum in the initial list of virtual assets, Leung stated that only "highly liquid" assets would be allowed for retail trading. (Source link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.