The Hong Kong Securities and Futures Commission has introduced measures to promote global connectivity in the digital asset market.

[Hong Kong Securities and Futures Commission Introduces Measures to Promote Global Connectivity in the Digital Asset Market] Huang Lexin, Director of the Intermediaries Division and Head of the FinTech Group at the Hong Kong Securities and Futures Commission, stated that Hong Kong has incorporated “connecting global liquidity” into its digital asset development roadmap, aiming to connect Hong Kong investors with global markets and attract more institutional trading business to Hong Kong. The Hong Kong Securities and Futures Commission will allow licensed cross-border trading platforms to share global order books with overseas affiliates as a primary step towards achieving global connectivity. Currently, two consultations are underway to enhance the ecosystem, with plans to issue licenses for virtual asset custodians and explore the inclusion of investment advisory services and specific asset classes within the regulatory framework. (Jin10)

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