Xu Zhengyu: Continuously reviewing and improving regulatory systems to cultivate a more complete virtual asset ecosystem in Hong Kong

2025-02-18 20:20:56
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ChainCatcher news, according to Yahoo Finance, the Secretary for Financial Services and the Treasury, Christopher Hui, stated that he is continuously reviewing and improving Hong Kong's regulatory framework to cultivate a more complete virtual asset ecosystem, including the development of a comprehensive framework that encompasses virtual asset exchanges, stablecoin issuers, custodians, and over-the-counter trading activities.

Christopher Hui mentioned that Hong Kong is building a bridge between traditional finance and the rapidly developing digital economy. The regulatory framework has established a solid foundation for this transformative trend. For example, the Securities and Futures Commission has announced regulatory expectations for intermediaries engaging in tokenized securities-related activities, providing clarity for market participants and fostering a trustworthy innovation environment. He emphasized that the trends of tokenization and the transformation brought by artificial intelligence can only reach their full potential within a reliable and adaptable regulatory system, which will protect the market with fairness, consistency, and the highest standards.

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