The Hong Kong Securities and Futures Commission (SFC) convened the second meeting of its Digital Asset Consultative Panel (DACP) with SFC-licensed virtual asset trading platforms (VATPs), focusing on market and regulatory developments in Hong Kong’s digital asset sector. Discussion centred on initiatives under Pillars A (Access) and P (Products) of the SFC’s ASPIRe roadmap, including proposals to introduce regulatory regimes for virtual asset dealing and custodian service providers and to expand market accessibility and product offerings. The panel has been renamed from the Virtual Asset Consultative Panel to the Digital Asset Consultative Panel to align with the terminology used in the Government’s Policy Statement 2.0 on the Development of Digital Assets in Hong Kong issued on 26 June 2025. The proposals discussed sit alongside a joint consultation launched by the Financial Services and the Treasury Bureau and the SFC on regulatory regimes for virtual asset dealing and custodian service providers. The SFC will continue to collaborate with licensed VATPs through the DACP under Pillar Re (Relationships) of the ASPIRe roadmap.
Hong Kong Securities & Futures Commission 2025-07-07
Hong Kong Securities and Futures Commission convenes second Digital Asset Consultative Panel meeting on proposed virtual asset dealing and custodian regimes
The Hong Kong Securities and Futures Commission (SFC) held its second Digital Asset Consultative Panel meeting with licensed virtual asset trading platforms, focusing on regulatory developments in Hong Kong's digital asset sector. Discussions included proposals for regulatory regimes for virtual asset dealing and custodian service providers, as well as expanding market accessibility and product offerings. The panel's name was updated to align with the Government’s Policy Statement 2.0 on digital assets.