Hong Kong Securities and Futures Professionals Association Meets Officials on VA Policy

The Hong Kong Securities and Futures Professionals Association visited the Legislative Council on Wednesday (3rd) to meet Financial Services and the Treasury Deputy Secretary Chan Ho-lim, secretaries-general, SFC Intermediaries Executive Director Ip Chi-hang, and other representatives to discuss the latest virtual asset (VA) policies, licensing arrangements, operating costs and the industry-focused “Virtual Asset Platform Practitioner Examination” (CVAP), according to Ming Pao. The association said virtual asset trading platforms (VATP) are facing heavy operating pressure and compliance costs, and urged regulators to address VATPs’ room for survival while ensuring safety.