Hong Kong Securities Regulator Advocates for Compliance in Digital Asset Sector

According to BlockBeats, the Hong Kong Securities and Futures Commission (SFC) expressed its support for regulatory compliance in the digital asset industry during a seminar held last week by the Hong Kong and Greater Bay Area Fund Administrators Association. The event aimed to enhance industry awareness of compliance standards in the rapidly evolving digital asset sector. Dr. Yeh Chi-hang, Executive Director of the Intermediaries Division at the SFC, delivered a keynote speech at the seminar. Discussions focused on various risk management and monitoring measures to support the management of digital asset and tokenized funds. The importance of collaboration within the fund industry was highlighted to strengthen the adoption of innovative technologies while enhancing technical and regulatory compliance capabilities related to digital assets. Dr. Yeh stated, "The SFC is committed to enhancing professional standards and fostering trust in the digital asset market. By supporting industry participants in their ongoing efforts to comply with regulatory requirements for managing digital asset and tokenized funds, we aim to establish a secure, reliable, sustainable, and competitive digital asset fund ecosystem based on robust risk management and investor protection."