CryptoA robust and clear regulatory framework for virtual assets should continue to...

A robust and clear regulatory framework for virtual assets should continue to be established in Hong Kong.

Regarding the recent JPEX incident, KPMG Hong Kong’s financial management consulting director said that since virtual assets are complex emerging financial instruments, the Hong Kong government and regulatory agencies have specially cooperated with various institutions to provide blockchain and virtual assets to the public. Educational services.

To solidify its position as a leading virtual asset center, Jansberg believes Hong Kong should continue to establish a solid and clear regulatory framework and ensure that both the public and blockchain startups fully understand the framework. Second, ensure that governments, regulators, investors and the public work together and act in unison. Third, regulatory agencies need to adopt a risk-based approach and continue to treat virtual asset companies openly and fairly to protect the interests of the investing public. Fourth, focus on actual value. The authorities should promote real value creation through industry support, policies and supervision, focusing on innovative applications beyond virtual assets, thereby expanding the ecosystem and contributing to the real economy to present real value.

Jansburg said that investors should choose trading platforms that have been issued a Virtual Asset Service Provider License (VASP) by the China Securities Regulatory Commission, because the China Securities Regulatory Commission will strictly control the investor protection measures and internal control mechanisms of such platforms before issuing a license. Review.

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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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