The Hong Kong Financial Services and the Treasury Bureau and the Hong Kong Securities and Futures Commission are consulting on the proposed regime for regulating virtual asset trading service providers and custodians.

Jin10 data reported on June 27, the Hong Kong Treasury and the Hong Kong Securities and Futures Commission today launched a joint consultation to introduce a regulatory system for virtual asset trading service providers and custodians. The proposed system will empower the Securities and Futures Commission to issue licenses and supervise virtual asset trading service providers and custodians, as well as enforce relevant regulations. The Securities and Futures Commission will also be responsible for establishing compliance standards for these two types of important service providers, based on the principle of "same business, same risk, same rules," to ensure robust investor protection measures and maintain market integrity. This also reflects the Securities and Futures Commission's active implementation of various plans under the "ASPIRe" roadmap, continuing to build a vibrant and secure digital asset market with sustainable development as a prerequisite.