The Securities and Futures Commission (SFC) today convened the second meeting of the Digital Asset Consultative Panel (DACP) (Note 1).
The meeting with SFC-licensed virtual asset trading platforms (VATP) covered a broad array of issues relating to market and regulatory developments in the digital asset realm in Hong Kong, in particular, initiatives in Pillars A (Access) and P (Products) of the SFC’s ASPIRe roadmap (Note 2), including proposals to introduce regulatory regimes for virtual asset dealing and custodian providers, as well as market accessibility and product offerings (Note 3).
“Today’s DACP meeting is constructive and insightful, underscoring the importance of engagement with licensed VATPs in nurturing a sustainable and competitive digital asset ecosystem,” said Dr Eric Yip, the SFC’s Executive Director of Intermediaries and chair of the DACP. “The SFC remains committed to maintaining global competitiveness while ensuring robust investor protection and local safeguards within the digital asset sector.”
The SFC will continue to proactively collaborate with the VATPs via the DACP as part of the initiative in Pillar Re (Relationships) of the SFC’s ASPIRe roadmap.
Notes:
- The Virtual Asset Consultative Panel is now renamed as Digital Asset Consultative Panel, in line with the term used in the Government’s Policy Statement 2.0 on the Development of Digital Assets in Hong Kong issued on 26 June 2025. For details of its inaugural meeting, please see the SFC’s press release issued on 14 February 2025.
- The SFC issued the “ASPIRe” roadmap on 19 February 2025.
- The Financial Services and the Treasury Bureau and the SFC have recently launched a joint consultation to introduce regulatory regimes for virtual asset dealing and custodian service providers. For details, please refer to the SFC’s press release issued on 27 June 2025.
