Hong Kong Securities Supervision Commission: Virtual assets over the counter and custody of new licensing legislation is expected to take at least one year
2025-05-22 06:51:55
Ip Chi Heng, executive director of the intermediary department of the Hong Kong Securities Supervision Commission, said that the introduction of new regulatory licenses for virtual assets over the counter and virtual asset custody will be the top priority in the short term. We will cooperate with the Hong Kong government to consult and submit legislative drafts for the two new licenses. It is expected that the legislation will take at least one year, and the full implementation may take about one and a half to two years. In addition, Ye Chi Heng also revealed that with the development of the market, we will consider expanding the product selection of professional investors and make public the adjustment plan of the market mechanism.
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