Hong Kong MPFA: Will study the inclusion of virtual assets in Mandatory Provident Fund
According to online reports, when attending the Legislative Council, Chairman of the Hong Kong Mandatory Provident Fund Schemes Authority (MPFA), Michael Lau, and Executive Director Cheng Yan-chi, said that some members are concerned about whether Hong Kong will include virtual assets in the Mandatory Provident Fund in the future. The MPFA will conduct a study, paying special attention to whether transparency is sufficient, as well as issues such as price fluctuations, platform risks, liquidity risks and security risks. Currently, the regulation of virtual assets in many markets is still in its infancy. More time is needed for supervision and observation.
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