Hong Kong Regulators Discuss Compliance Framework for Virtual Assets
The Hong Kong Securities Association and the SFC (Securities and Futures Commission of Hong Kong) met to review rules on OTC trading, tokenized securities, and asset transfer processes.
VIRTUAL
Summary
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Terms & Concepts
Securities and Futures Commission of Hong Kong (SFC): Hong Kong’s primary regulatory authority overseeing securities, futures, and virtual asset activities.
Tokenized securities: Traditional financial assets represented as digital tokens on a blockchain for easier transfer and trading.
OTC regulation: Rules governing over-the-counter (OTC) trading, where assets are traded directly between parties without an exchange.