Hong Kong Securities and Futures Commission: If it involves licensed platforms, customers are allowed to withdraw virtual assets through financial intermediaries

ChainCatcher news, the acting head of the Intermediaries Division of the Hong Kong Securities and Futures Commission, Choi Chung-fai, stated at the Asian Financial Forum that there is a trend of tokenization in traditional financial products, raising concerns about whether ownership may be lost and whether the related technology is reliable.

Choi Chung-fai pointed out that regulation of virtual asset trading platforms is very important, as it involves the reliability of the public's investment of virtual assets on a platform. Therefore, it is necessary to consider the design and security measures involved, as well as how to respond to cyber attacks. Regarding the industry's proposal to allow customers to withdraw virtual assets through financial intermediaries, the Securities and Futures Commission's position is that if it involves licensed platforms, it is advisable.