Cai Zhonghui, interim director of the Intermediary Department of the Hong Kong Securities Regulatory Commission: will unleash the potential of Web3 and virtual assets

Foresight News reported live that at the 2023 Hong Kong Web3 Carnival, Keith Choy, interim director of the Intermediary Department of the Hong Kong Securities and Futures Commission, said in a keynote speech that the potential of Web3 and virtual assets will be released. DeFi There are concerns about financial stability, data, and investor protection. Financial stability concerns are mainly concerns about leverage and lending. Beginning in June this year, the virtual asset trading platform (VATP) will provide security tokens or non-securities Type tokens must be issued by us to protect investors. According to our existing system for VATP, we still need to conduct relevant consultations, and there will be options to make some adjustments and supplements, as well as suggestions for retail investment Those who set up some additional access rules call on relevant parties in the market to actively participate in discussions and have constructive dialogues with us. "Web3 Festival" is a Web3 event jointly launched by Wanxiang Blockchain Lab and HashKey Group Brand, hosted by W3ME. This year's "Web3 Carnival" will last from April 12 to April 15, and will focus on the core issues of various Web3 tracks such as regulatory policies, Web3 infrastructure, and Metaverse.