Hong Kong Securities and Futures Commission to issue licenses to digital asset exchanges

According to Chain News, Ashley Ian Alder, Chairman of the Securities and Futures Commission (SFC), attended the Hong Kong Fintech Week and delivered a speech, saying that the SFC will release new regulatory guidelines for digital asset trading platforms later today, and he revealed the details of the new guidelines in advance. Ashley said that the new regulatory framework will regulate listed tokens. However, he emphasized that these regulations apply to securities tokens, and any digital asset trading platform that has securities tokens listed for trading will be subject to the regulatory regulations. He said that the Hong Kong Securities and Futures Commission will issue licenses to digital asset exchanges; the new regulatory regulations will involve supervision of anti-money laundering, market manipulation, fair trading and other issues, and will require digital asset trading platforms to provide insurance provisions for potential risks. Ashley also said that non-securities transactions are not subject to the new regulations. He emphasized that Bitcoin is not a security.