Leung says regulator’s next step is to focus on OTC trading and custodial institutions in the space
“Virtual assets have become a tool in the race for financial supremacy,” Leung told an audience of journalists, investors and government officials at the Caixin Summer Summit in Hong Kong on Friday.
“Beyond the trading platforms we’ve already licensed, our next step is to bring over-the-counter (OTC) trading and custodial institutions into our regulatory perimeter,” she added.
Last year, the Financial Services and the Treasury Bureau published proposals for licensing OTC virtual asset operators.
Leung said the SFC’s approach to virtual assets was the same as with traditional securities.
