Summary
- The Securities and Futures Commission (SFC) of Hong Kong has unveiled the ASPIRe roadmap to establish Hong Kong as a virtual asset hub.
- Through the roadmap, they announced plans to strengthen virtual asset market growth and regulatory clarity, while simplifying access to global liquidity.
- As part of efforts to develop Hong Kong as a global virtual asset hub, they emphasized investor capability enhancement and illegal activity surveillance.
The Securities and Futures Commission (SFC) of Hong Kong has revealed the ASPIRe roadmap to transform Hong Kong into a virtual asset hub.
On the 19th (local time), the SFC announced the 'ASPIRe Roadmap' through its official website. Through this, they aim to strengthen innovation and growth in Hong Kong's virtual asset market and streamline access to global liquidity. Furthermore, they plan to facilitate market entry through regulatory clarity and expand virtual asset products and services.
Surveillance of illegal activities in the virtual asset industry was also addressed. The SFC stated that it would maximize cooperation between supervisory authorities to detect illegal activities and promote cooperation with other national agencies. They also added that they would focus on enhancing investor capabilities through education.
Eric Yu, Executive Director of the SFC, said, "This roadmap is part of our efforts to develop Hong Kong as a global virtual asset hub" and added that "it will greatly benefit Hong Kong's virtual asset ecosystem."
Meanwhile, A-S-P-I-R-e stands for ACCESS, SAFEGUARDS, PRODUCTS, INFRASTRUCTURE, and RELATIONSHIPS respectively.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![Shock that there is 'no US government backstop'… Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Soo-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/b23cb4d1-e890-4f1c-aa52-f18f45dc8192.webp?w=250)
