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Securities and Futures Commission (SFC) Chairman: Intends to Provide Guidance for Digital Asset Custodians and Explore the Issue of Listed Companies Acquiring Bitcoin
BlockBeats News, October 30, the Chairman of the Hong Kong Securities and Futures Commission, Tim Lui Tim-Leung, stated yesterday that Hong Kong currently does not have regulations overseeing listed companies' involvement in cryptocurrency investments. The commission will monitor the market situation and study providing relevant guidance to the market in the future.
Tim Lui Tim-Leung added that Hong Kong currently does not have legislation to regulate listed companies' participation in virtual asset treasury arrangements. Regarding listed companies claiming to adopt a Digital Asset Treasury (DAT), Tim Lui Tim-Leung cautioned investors to carefully understand what DAT means and the underlying value proposition. He also mentioned that the commission will study the issue of listed companies purchasing Bitcoin. (Wen Wei Po)
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