Local regulators received market support for proposals to strengthen oversight and investor protection in digital assets.
Two Hong Kong regulators Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) announced on 26 May the conclusion of consultations on legislative proposals to regulate virtual asset advisory and management service providers. The proposals received broad support from the market The regulators said in a joint press release that the proposals received broad support from the market, signalling industry acceptance of a more formalised regulatory structu