Hong Kong Securities and Futures Commission hopes to develop a roadmap for the development of virtual assets

According to the report from Hong Kong media Ming Pao, on February 15, the Hong Kong Securities and Futures Commission (SFC) held the first virtual asset consultation group meeting with licensed virtual asset trading platforms (VATPs). The SFC's Chief Executive Officer, Julia Leung, stated that after the establishment of the group, VATP licensees can provide opinions on the future operation and improvement of VATP, enhancing the liquidity of virtual asset transactions, as well as improving Hong Kong's competitiveness in the development of virtual assets compared to the international market. Leung also mentioned that the SFC hopes to formulate a roadmap for the development of virtual assets and move towards product diversification, and will also provide assistance in the consultation on virtual asset custody and over-the-counter (OTC) trading.