According to PANews, the Hong Kong Securities and Futures Commission (SFC) has announced a strategic roadmap for the city's virtual asset market, titled 'A-S-P-I-Re.' The initiative is designed to maintain Hong Kong's competitive edge in the rapidly evolving digital landscape. The roadmap is built on five key pillars: Access, Safeguards, Products, Infrastructure, and Relationships, aiming to guide the future development of Hong Kong's virtual asset ecosystem.
The roadmap outlines 12 specific measures, including promoting market participation, implementing adaptive compliance and product frameworks, and upgrading infrastructure by integrating the reliability of traditional finance with the efficiency of blockchain technology. These measures reflect a pragmatic approach to solidifying Hong Kong's position as a reliable hub for virtual asset liquidity. The SFC's strategy underscores its commitment to fostering a robust and innovative environment for virtual assets in Hong Kong.