Last night, the Hong Kong Securities and Futures Commission launched a true "regulatory bomb".
On February 11, Hong Kong officially lifted the restrictions on margin financing for virtual assets and, for the first time, established a high-level supervision framework for perpetual contracts. The Chief Executive of the Hong Kong Securities and Futures Commission, Yeh Chi‑hing, expressed it clearly during the Consensus conference: The Chief Executive of the Hong Kong Securities and Futures Commission, Yeh Chi‑hing, expressed it clearly during the Consensus conference:
The development of digital assets in Hong Kong has entered a crucial phase, and this year the main focus will be on improving market liquidity, increasing participation, and fostering responsible innovation in new products.
Responsible innovation of products.
Perpetual contracts. Leverage tools. Market maker mechanisms. Digital asset accelerators.
All of this creates the legal, regulated, and sustainable ground for what we are doing: operating contracts by segments and market cycles.
While others still debate whether cryptocurrencies are a scam, the major financial centers of the world have already rolled out the red carpet for our operating model.
#HongKong #criptonews #RealCryptoSuccess