Hong Kong SFC Discusses Virtual Asset Regulation and New Financial Products

According to ChainCatcher, the Hong Kong Securities and Futures Professionals Association has announced a meeting with the Hong Kong Securities and Futures Commission to focus on the development and regulation of the virtual asset industry and new financial products. The meeting primarily addressed the latest policies, compliance standards, and the regulation of over-the-counter trading. It also delved into the application of tokenized securities and the development path of derivatives. Additionally, the meeting discussed optimizing asset transfer processes, clarifying the role of market makers, and improving company upgrade mechanisms. These discussions aim to jointly promote the stable development of the industry.