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Hong Kong Securities and Futures Commission: Virtual asset roadmap released in the afternoon, proposing to allow pledge and margin loans

According to online reports, according to Hong Kong Economic Journal, Leung Fengyi, CEO of the Hong Kong Securities and Futures Commission, said at the Consensus Forum that a virtual asset roadmap will be released this afternoon to formulate forward-looking strategies by studying the direction of future development. These include expanding the products and services of licensed virtual asset trading platforms, considering allowing pledges, providing derivative products to professional investors, and also considering providing margin loans to certain customers. In addition, operating processes will be optimized, including hot money package and cold wallet regulations, and custody requirements and insurance requirements will be adjusted. The content of compliance review and how to optimize them will be reviewed to truly maximize operating processes.

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