📢 #HongKongPlansNewVAGuidelines – Major Update on Virtual Asset Rules! 🇭🇰

Hong Kong is stepping up its game in the crypto world! The Securities and Futures Commission (SFC) has introduced new Virtual Asset (VA) trading guidelines aimed at strengthening the city’s digital asset ecosystem. Under these updated rules:
🔹 Licensed brokers can now offer VA financing to margin clients, expanding trading opportunities. �
🔹 The guidelines follow the strategic ASPIRe roadmap, focused on structuring VA market development and boosting professional investor participation. �
🔹 The framework also provides guidance for platforms to design leveraged VA products for professional investors with enhanced risk controls. �
🔹 In parallel, Hong Kong is planning to expand licensing regimes beyond trading platforms to include VA dealing, custodian, advisory, and management services, covering more parts of the VA ecosystem. �
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These changes underline Hong Kong’s push to become a leading global hub for virtual assets while boosting investor protection and market integrity.
🚀 Stay tuned — more consultations and regulatory updates are expected as this evolves!
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