Hong Kong Securities and Futures Commission, Monetary Authority: Strengthening Investor Protection Measures for Virtual Assets

ChainCatcher news, according to Caixin, the Hong Kong Securities and Futures Commission and the Monetary Authority have reviewed the current policies for intermediaries intending to engage in virtual asset-related activities. In response to the latest market developments and inquiries from the industry, they have updated the policy to further expand the extent to which retail investors can engage in the virtual asset field through intermediaries, under appropriate safeguards, and allow investors to directly deposit virtual assets with intermediaries.

To avoid any doubts, the updated circular will replace the joint circular issued by the Securities and Futures Commission and the Monetary Authority regarding intermediaries' virtual asset-related activities on January 28, 2022.