The Hong Kong Legislative Council's Financial Affairs Committee will discuss the regulation of virtual asset trading platforms next month

ChainCatcher news, the Hong Kong Legislative Council's Financial Affairs Committee will discuss the regulation of virtual asset trading platforms on the 9th of next month. The committee chairman, Lam Kin-fung, stated that the chairman of the Securities and Futures Commission (SFC), Tim Leung, and the CEO, Leung Fung-yi, have been invited to attend. He hopes that the SFC will soon publicly disclose the names of suspicious institutions and launch "grounded" promotional methods to enable investors to take timely precautions and promote the industry's development.

Lam Kin-fung indicated that the JPEX incident reflects the inadequacies of the relevant regulatory agencies and government departments in regulation and public education. He mentioned that the SFC has announced plans to further enhance information dissemination and optimize existing systems, including publishing the list of licensed virtual asset trading platforms, the list of those that have ceased operations, the list of platforms considered licensed, and the list of applicants that have attracted the most public attention on its website. This will provide investors with more specific and clear information, which will also benefit the media and the public in monitoring.

Lam Kin-fung believes that in addition to publishing relevant information on the website, the SFC should also conduct public promotions through more diversified and "grounded" methods, including holding press conferences and using social media to update information in a timely manner, especially in the event of emergencies, to strengthen immediate response and crisis management effectiveness.