Hong Kong SFC Discusses Future of Digital Asset Regulation

Hong Kong's Securities and Futures Commission (SFC) held its third digital asset advisory group meeting to discuss the future regulatory development of digital assets. According to Foresight News, the meeting involved licensed virtual asset trading platforms and focused on plans to strengthen the digital asset ecosystem. Discussions included enhancing liquidity for licensed virtual asset trading platforms and expanding regulatory measures for product and service types. Dr. Yeh Chi-heng, Executive Director of the SFC's Institutional Department and Chairman of the Digital Asset Advisory Group, emphasized the importance of balancing innovation with investor protection. He stated that efforts will be made to promote the establishment of a prosperous and sustainable digital asset market in Hong Kong, ensuring that regulatory policies are practical, effective, and appropriate.