Starting today, cryptocurrency exchanges can apply for Hong Kong regulation commission by securities and futures (SFC) since she опубликовала provisions for cryptocurrencies.
Как said today at a fintech conference in Hong Kong, Ashley Alder, SFC Executive Director, the new rules cover custody issues, KYC requirements, anti-money laundering and market manipulation rules, and issues specific to the cryptocurrency industry.
“And it also nullifies many of the new concepts that we are used to, such as hot and cold wallets, forks, airdrops, etc. We will also set out the criteria for platforms to decide whether to include a new virtual asset for trading,” added He.
According to Alder, the Commission examined "a large number of crypto-platform operators" and came to the conclusion that "some of them can be regulated by us."
However, the CEO stressed that they will make sure that platform operators can only provide services to professional investors, and then only to those who can demonstrate that they already have sufficient knowledge to invest in this area.
The announcement is "a landmark moment for financial services in Asia and points to greater acceptance of digital assets as a new type of financial instrument," Hugh Madden, CEO of BC Group , a technology and digital asset trading company.
Meanwhile, Alder also emphasized that the SFC is “extremely concerned” with platforms that offer futures contracts for virtual assets, especially high-leverage contracts.
“Thus, today we are issuing a second statement that warns investors of these risks. It is also clear that those who offer virtual asset futures for trading may well be engaging in illegal activities,” Alder said.
Statement already framed .
Earlier today, it was announced that China’s state planner, National Development and Reform Commission , has excluded Bitcoin (BTC) mining from the list of industries that may be banned.
All of this follows Chinese President Xi Jinping’s recent push to accelerate the development of blockchain technology due to its importance “in a new round of technological innovation and industrial transformation” in China.