* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, June 6, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    ‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

    Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

    California Mid-State Fair announces entertainment lineups for Frontier and Mission stages – KSBY News

    Exciting Entertainment Lineup Unveiled for California Mid-State Fair’s Frontier and Mission Stages!

    Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

    Will Generative AI Transform the Future of Entertainment

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, UBS Group Analyst Says – MarketBeat

    UBS Analyst Predicts Surge in Micron Technology Stock Price!

    Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

    Domo Set to Shine at the D.A. Davidson Technology Summit!

    When fiction becomes fact: 3 pieces of modern technology inspired by Star Trek – Redshirts Always Die

    From Screen to Reality: 3 Modern Technologies Inspired by Star Trek

    The Isfahan Center for Nuclear Technology – UCF, ZPP, and IRR10 – Alma Research and Education Center

    Exploring the Isfahan Center for Nuclear Technology: Innovations and Insights from UCF, ZPP, and IRR10

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    ‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

    Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

    California Mid-State Fair announces entertainment lineups for Frontier and Mission stages – KSBY News

    Exciting Entertainment Lineup Unveiled for California Mid-State Fair’s Frontier and Mission Stages!

    Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

    Will Generative AI Transform the Future of Entertainment

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, UBS Group Analyst Says – MarketBeat

    UBS Analyst Predicts Surge in Micron Technology Stock Price!

    Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

    Domo Set to Shine at the D.A. Davidson Technology Summit!

    When fiction becomes fact: 3 pieces of modern technology inspired by Star Trek – Redshirts Always Die

    From Screen to Reality: 3 Modern Technologies Inspired by Star Trek

    The Isfahan Center for Nuclear Technology – UCF, ZPP, and IRR10 – Alma Research and Education Center

    Exploring the Isfahan Center for Nuclear Technology: Innovations and Insights from UCF, ZPP, and IRR10

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Year Of Dragon Accelerates Hong Kong’s Crypto Regulatory Development

February 19, 2024
in Business
Year Of Dragon Accelerates Hong Kong’s Crypto Regulatory Development
Share on FacebookShare on Twitter

Fireworks light up over Victoria Harbour on the second day of the Lunar New Year of the Dragon in … [+] Hong Kong on February 11, 2024. (Photo by Peter PARKS / AFP) (Photo by PETER PARKS/AFP via Getty Images)

AFP via Getty Images

As the calendar turns to 2024, Hong Kong is on the crypto regulatory spotlight once again. The city has been leading the charge in embracing cryptocurrency and blockchain technology, and recent policy briefs from the Securities and Futures Commission (SFC) and Hong Kong Monetary Authority (HKMA) show their dedication to providing clear regulations and protecting investors. In this article, we’ll delve into the latest developments in Hong Kong’s crypto regulatory framework, focusing on three policy briefs: the SFC’s Tokenization Circulars and Circular on Authorized Funds with Exposure to Virtual Assets, as well as the HKMA’s Proposal to Implement the Regulatory Regime for Stablecoin Issuers in Hong Kong.

Tokenization Circulars

Let’s start with the exciting news about tokenization-related activities. The SFC has issued two important circulars to address the risks and regulatory requirements in this area. The first one focuses on intermediaries involved in tokenized securities-related activities. It classifies “Tokenized Securities” as a subset of “digital securities” and emphasizes the importance of complying with existing regulations. Intermediaries are required to manage risks like forking, blockchain network outages, and cybersecurity. The circular also emphasizes the need for adequate disclosures and due diligence on issuers and third-party providers to safeguard investor interests.

The second circular tackles the tokenization of SFC-authorized investment products. While the SFC supports the tokenization of retail investment products, it’s still considering its position on secondary trading. The circular aims to bring regulatory certainty, support innovation, and protect investors. It provides guidelines for the issuance and distribution of tokenized investment products, including requirements for licensing, governance, operational capabilities, and investor disclosures.

Circular on Authorized Funds with Exposure to Virtual Assets

Now let’s talk about the SFC’s Circular on Authorized Funds with Exposure to Virtual Assets. This circular outlines the requirements for authorizing the public offerings of investment funds with exposure to virtual assets. The SFC opened the door for exchange-traded funds (ETFs) seeking exposure to virtual assets through futures contracts in October 2022. This move effectively paves the way for spot virtual asset ETFs to enter the market.

The circular lays out several key requirements for SFC-authorized virtual asset (VA) funds. Management companies overseeing these funds should have a strong track record of regulatory compliance and at least one staff member with relevant experience in managing VA products. It also establishes eligibility criteria for virtual assets, allowing investments only in VA tokens accessible to the Hong Kong public on SFC-licensed Virtual Asset Trading Platforms (VATPs). Additionally, the circular sets criteria for investment strategies, custody standards, valuation methods, and disclosure obligations. It emphasizes the importance of active management for funds adopting a futures-based investment strategy.

Proposal to Implement the Regulatory Regime for Stablecoin Issuers in Hong Kong

Recognizing the growing significance of stablecoins in the digital asset ecosystem, the HKMA has proposed a regulatory regime for stablecoin issuers. This proposal aims to address associated risks, ensure transparency, protect investors, and mitigate potential systemic risks. The regulatory framework emphasizes the adherence of stablecoin issuers to capital, liquidity, and risk management standards.

To foster a robust stablecoin ecosystem in Hong Kong, the proposal emphasizes collaboration with international regulatory bodies and alignment with global standards. It aims to create a secure environment for stablecoin issuers to operate, helping the city establish itself as a trusted global hub for stablecoin innovation. By implementing clear guidelines and regulatory oversight, Hong Kong is paving the way for stablecoin growth and development.

Implications and Conclusion

These recent developments reflect Hong Kong’s proactive approach to regulating the crypto industry. By providing regulatory clarity, managing risks, and prioritizing investor protection, Hong Kong aims to position itself as a leading global hub for digital asset innovation and investment. These policy briefs demonstrate the city’s commitment to fostering innovation while ensuring the stability and integrity of its financial markets.

The regulatory frameworks outlined by Hong Kong’s regulators create an environment that encourages businesses and investors to participate in the evolving digital asset landscape. By addressing tokenization-related activities and investment funds with virtual asset exposure, Hong Kong aims to attract institutional investors and facilitate the development of innovative financial products. The city may become the 2nd major jurisdiction to offer spot Bitcoin
BTC
ETF, and could even approve for other large cap virtual asset ETFs before the United States. Its stablecoin regime places it close behind other progressive Asian jurisdictions, with Japan and Singapore also announcing stablecoin frameworks last year.

However, it’s important for the regulatory framework to remain adaptable to emerging challenges and developments in the crypto industry. Ongoing monitoring and collaboration with international regulatory bodies will be crucial in ensuring that the regulatory framework remains effective and responsive to the evolving crypto landscape.

In conclusion, Hong Kong’s recent policy briefs highlight its commitment to providing clear regulations and protecting investors in the crypto sector. As the city continues to foster innovation, it is expected to attract more businesses and investors, solidifying its position as a global leader in the digital asset space. Get ready for an exciting journey in the Year of the Dragon!

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Forbes – https://www.forbes.com/sites/digital-assets/2024/02/18/year-of-dragon-accelerates-hong-kongs-crypto-regulatory-development

Tags: AcceleratesbusinessDragon
Previous Post

UFC 298 Stats Review: Merab Dvalishvili Breaks UFC Bantamweight Record

Next Post

Shoji Kawamori Gets A Specific Design Credit In ‘Armored Core VI’

Champaign-based Health Alliance plans to end all coverage, eliminating more than 600 jobs – WGLT

Health Alliance in Champaign to Cut All Coverage, Impacting Over 600 Jobs

June 6, 2025
Book Review: ‘Buckley,’ by Sam Tanenhaus – The New York Times

Book Review: ‘Buckley,’ by Sam Tanenhaus – The New York Times

June 6, 2025

Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

June 6, 2025
Kenton Ridge wins 1st state high school championship – Yahoo Sports

Kenton Ridge Claims Historic First State High School Championship!

June 6, 2025
Ecological Restoration Service Market to Reach USD 87.9 Bn by 2031, Growing at 9.4% CAGR – openPR.com

Ecological Restoration Service Market Set to Soar to $87.9 Billion by 2031 with a Robust 9.4% Growth Rate!

June 6, 2025
Boise State moves forward with plans for new science building, signaling an investment in STEM majors – The Arbiter | Boise State

Boise State Unveils Ambitious Plans for Cutting-Edge Science Building, Boosting STEM Education!

June 6, 2025
The Science Of De-Extinction Is Providing Hope For Nature’s Future – Forbes

Reviving the Past: How De-Extinction Science Offers New Hope for Our Planet’s Future

June 6, 2025
Cardi B Slams Offset For Allegedly Not Helping With Kids’ Six-Figure Lifestyle – HOT 97

Cardi B Calls Out Offset for Failing to Support Their Kids’ Luxurious Lifestyle!

June 6, 2025
Hollywood legend Tom Cruise becomes record holder for his fiery Mission Impossible stunt – Guinness World Records

Tom Cruise Sets the Bar High with Record-Breaking Fiery Stunt in Mission Impossible!

June 6, 2025
India could become third largest economy in the world this year: Borge Brende – MSN

India Poised to Become the World’s Third Largest Economy This Year!

June 6, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (670)
  • Economy (684)
  • Entertainment (21,590)
  • General (15,267)
  • Health (9,726)
  • Lifestyle (687)
  • News (22,149)
  • People (685)
  • Politics (692)
  • Science (15,902)
  • Sports (21,188)
  • Technology (15,670)
  • World (669)

Recent News

Champaign-based Health Alliance plans to end all coverage, eliminating more than 600 jobs – WGLT

Health Alliance in Champaign to Cut All Coverage, Impacting Over 600 Jobs

June 6, 2025
Book Review: ‘Buckley,’ by Sam Tanenhaus – The New York Times

Book Review: ‘Buckley,’ by Sam Tanenhaus – The New York Times

June 6, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version