Hong Kong Should Establish a Unified Virtual Asset Regulatory Body to Promote Healthy Market Development
Publication Time:2024-09-05 17:01:07
With the rapid development of the virtual asset market, Zeng Yucheng, a member of the Securities and Futures Professionals Association in Hong Kong, suggests that to enhance regulatory effectiveness, a unified regulatory body should be established. Such an institution can provide consistent regulatory rules and procedures, ensuring market stability and security, thereby increasing investor confidence and promoting the healthy prosperity of the virtual asset market. At the same time, strengthening training in the virtual asset sector is also crucial. Through professional training, practitioners can gain a deeper understanding of the operational mechanisms of the virtual asset market, develop effective risk management strategies, and ensure the stability of the financial system.
Hong Kong
virtual assets
market development
regulatory body
Unified Standards