Hong Kong may hold a public consultation next week on specific regulatory guidelines on virtual assets

PANews · 2023-12-01T10:08:23+00:00

June 1 is the time point when the relevant legislation officially comes into effect, the SFC will have the right to license the exchange and enforce supervision, the specific industry guidelines will be publicly consulted next week, and will be finalized according to the feedback from the public consultation before June 1, and the specific regulatory rules and the degree of openness to retail investors will be determined by the public consultation document next week.

PANews

2023-12-01 10:08:23

PANews reported on February 16 that Leon, the founder of CrossSpace, told PANews that he had clarified with friends in Hong Kong’s virtual asset regulatory department about today’s rumors about retail investors trading virtual assets on June 1. It is called:1. June 1 is the time when the relevant legislation comes into effect, and the SFC will have the right to license and enforce supervision on the exchange;2. Specific industry guidelines will be subject to public consultation next week, and will be finalized based on feedback from the public consultation by June 1;3. The specific regulatory rules and the extent to which they are open to retail investors will only be known in the public consultation document next week.

Earlier today, it was reported that the lawyer responded to regulatory rumors in Hong Kong that it was misleading, and that Hong Kong people have been able to legally trade cryptocurrencies.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes