The Securities and Futures Commission (SFC) of Hong Kong released its draught regulations for virtual asset trading platforms and is now accepting public feedback.
The regulator is seeking opinions on whether to permit licenced platforms to serve retail investors as well as what investor protection
This is in addition to creating a licencing regime for cryptocurrency service providers.
Operators will be responsible for doing due diligence on tokens and keeping track of them under the proposed regulations.
This includes evaluating the asset’s regulatory standing in each country where the operator offers trading services.