Hong Kong Completes Virtual Asset Regulatory Framework, Eyes Global Hub Status
The Hong Kong Securities and Futures Professionals Association outlines plans to boost commercialization, liquidity, and product approvals after completing regulatory groundwork.
VIRTUAL
Summary
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Terms & Concepts
Virtual asset: A digital representation of value that can be traded, transferred, or used for payment, including cryptocurrencies and tokens.
Liquidity: The ease with which an asset can be bought or sold without affecting its price significantly.
Regulatory infrastructure: A structured set of laws, rules, and institutions designed to govern and oversee a specific market or industry.