The Deputy Secretary for Financial Services and the Treasury of Hong Kong, Mr. Albert Chan, said that the second round of public consultation on the regulation of virtual assets over the counter (OTC) will be completed next year, and the proposed licensing system for regulating virtual asset custody service providers will also be proposed for consultation next year to ensure that the safe custody of digital assets meets international standards. Chen Haolian stressed that the licensing system for...
Speaking at the Standard Chartered Awards 2024 today (October 21), the Secretary for Financial Services and the Treasury, Mr. Hui Cheng-yu, said that the Treasury Bureau will soon issue a policy statement on the application of artificial intelligence in financial marekt, and will further improve the regulation of virtual asset transactions, develop the blockchain digital asset currency ecosystem, and promote real-world asset tokenization and digital currency ecosystem.
In replying to Mr. Hui's question, the Secretary for Financial Services and the Treasury of Hong Kong, Hui Cheng-yu, said that since the launch of the New Capital Investor Entry Scheme, Invest Hong Kong will also consider accepting applicants' assets held by their wholly-owned private companies as proof of assets according to the actual circumstances of the case. If the applicant through its...