Honourable guests, ladies and gentlemen, good morning. It’s my pleasure to be here at FinTech Week.
I may have joined the Securities and Futures Commission (SFC) for only five months, but I have attended quite a number of regulatory events. At all these events, a recurring topic that has stood out is virtual assets. Virtual assets are at the forefront of every financial regulator’s agenda, including the SFC’s. The market already trading in sizeable volumes is too big to ignore. This also means a large number of investors out there need to be protected through regulation and education. At the same time, we have seen genuine momentum for innovation, and the vast potential of distributed ledger technology (DLT) is waiting to be unleashed. Today, the Hong Kong Fintech Week is a timely occasion for me to share with you the SFC’s virtual asset journey and our plans ahead.
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