Hong Kong Securities Regulatory Commission: Regulatory regulations for licensed virtual asset exchanges under the new system are being drafted

According to the Jinshi report, the Hong Kong Securities Regulatory Commission responded to the Hong Kong Radio Station’s inquiry and stated that the cryptocurrency exchange FTX filed for bankruptcy protection, affecting other virtual tokens and the entire industry ecology, highlighting the risks of retail investors using virtual asset trading platforms that are not fully regulated, and Whether the regulatory framework can protect the importance of investors will continue to monitor developments. The Hong Kong Securities Regulatory Commission stated that with the passage of the "Anti-Money Laundering and Terrorist Financing (Amendment) Bill" by the Legislative Council, the Hong Kong Securities Regulatory Commission is drafting the regulatory requirements for licensed virtual asset exchanges under the new system and will launch public consultations. Closely monitor the latest developments in the field of virtual assets, take investor protection as the primary goal, and consider different opinions received from the market.