Hong Kong's Treasury Department and the SFC consult on the proposed regime for regulating virtual asset trading and custody service providers

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According to Foresight News, based on Jin Shi's information, the Hong Kong Financial Bureau and the Hong Kong Securities and Futures Commission (SFC) are conducting a joint consultation today to introduce a regulatory regime for virtual asset trading service and custody service providers. The proposed regime will empower the SFC to license and supervise virtual asset trading service providers and custody service providers, and enforce relevant regulations. The SFC will also be responsible for establishing compliance standards for these two important service providers, ensuring robust investor protection measures and maintaining market integrity based on the principle of "same business, same risks, same rules". This also reflects the SFC's active implementation of plans under the "ASPIRe" roadmap, which will continue to build a dynamic and secure digital asset market with sustainable development as a premise.

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