🚀 Hong Kong's Virtual Asset Regulation Roadmap Announced
#HongKong #VirtualAssets #Regulation #ASPIRe #SecuritiesAndFuturesCommission #RegulatorySandbox #Innovation #SystemicRisk #CrossBorderRegulation #OnChainCompliance #NegativeListManagement #SelfRegulation
According to PANews, the Hong Kong Computer Society has highlighted the release of the ASPI-Re virtual asset regulation roadmap by the Hong Kong Securities and Futures Commission. The roadmap aims to balance innovation tolerance with systemic risk management.
The proposed measures include establishing a Regulatory Sandbox 2.0 to test new governance tools, such as DAO voting for regulatory participation. Additionally, the roadmap suggests promoting cross-border regulatory alliances to develop on-chain compliance protocols, which could reduce operational costs for businesses operating internationally.
Furthermore, the introduction of a negative list management model is proposed. This model would clearly prohibit certain activities, such as anonymous coin mixing, while allowing the industry to self-regulate based on risk principles in other areas.#HongKong #VirtualAssets #Regulation #ASPIRe #SecuritiesAndFuturesCommission #RegulatorySandbox #Innovation #SystemicRisk #CrossBorderRegulation #OnChainCompliance #NegativeListManagement #SelfRegulation