The Hong Kong Securities and Futures Commission has released the virtual asset roadmap ASPIRe, outlining five key pillars and 12 major measures

According to ChainCatcher news, the Hong Kong Securities and Futures Commission has released a new ASPIRe roadmap, proposing five pillars: Access, Safeguards, Products, Infrastructure, and Relationships, covering 12 key measures aimed at making Hong Kong a global virtual asset hub.

The roadmap will establish a new regulatory framework for over-the-counter trading and custody services for virtual assets, optimize operational requirements for trading platforms, and promote the expansion of virtual asset products and services. The Executive Director of the Intermediaries Division of the Securities and Futures Commission, Yip Chi-hang, stated that the roadmap will facilitate global liquidity access while ensuring investor protection, achieve a security-oriented compliance framework, and encourage traditional financial institutions to upgrade their infrastructure using blockchain technology.