The Hong Kong Securities and Futures Professionals Association held a meeting with the Hong Kong Securities and Futures Commission to discuss the development and regulation of the virtual asset industry. The meeting focused on recent policies, compliance standards, and oversight of over-the-counter (OTC) trading. Detailed discussions also took place regarding the application of tokenized securities and the development of derivatives. Participants explored ways to improve asset transfer processes, clarify the role of market makers, and enhance mechanisms for company upgrades. These measures aim to promote the stable growth of the industry and ensure transparency in the financial market. Virtual assets such as cryptocurrencies and tokenized securities are rapidly gaining popularity in the financial world but carry risks including fraud, market volatility, and regulatory challenges. Strengthening oversight and regulation of this sector by the Hong Kong Securities and Futures Commission is therefore a significant step. As a global financial hub, Hong Kong is committed to modernizing its financial products and providing a secure and regulated environment for virtual assets. Meetings like this are expected to boost investor confidence and reinforce the legal status of the virtual asset market.
Source: binance
