Director of the Licensing Division of the Hong Kong Securities Regulatory Commission: The opt-in regulatory approach to the virtual asset trading platform SFC

Clara Chiu, Director of the Licensing Division of the Hong Kong Securities Regulatory Commission, said at the Hong Kong Science and Technology Week held on November 7 that the latest regulatory framework for virtual asset trading platforms issued by the Hong Kong Securities and Futures Commission adopted an opt-in regulatory approach. . She said that SFC is the Hong Kong Securities and Futures Commission, not the Securities, Futures and Virtual Assets Supervision Committee. For those trading platforms that do not trade securities or futures, only trading Bitcoin and Ethereum, the Hong Kong Securities and Futures Commission does not issue a license. that power. The solution provided by the new regulatory framework of the Hong Kong Securities and Futures Commission is that the Hong Kong Securities and Futures Commission can issue licenses to exchanges that provide bitcoin and Ethereum as long as they provide a securities-based token transaction.