BC Group CEO Hugh Madden in the SCMP on the SFC’s regulatory framework for digital asset trading platforms

Hong Kong’s Securities and Futures Commission has issued a new regulatory framework for granting licences to centralised virtual asset trading platforms, with a strong emphasis on protection for investors and their virtual assets.

The commission has adopted an opt-in approach, which means operators can decide whether they want to apply for a licence. The framework is in the public’s interest as it will allow “investors to choose to participate only in those cryptocurrency platforms or ‘exchanges’ that agree to be regulated and supervised,” Ashley Alder, the SFC’s chief executive, said on Wednesday.

To read the full version: https://www.scmp.com/business/banking-finance/article/3036632/hong-kong-sets-out-regulatory-framework-virtual-asset