Hong Kong will submit a bill this year to establish a licensing regime covering virtual asset trading, custody, advisory and management services, according to Paul Chan Mo-po? No — according to the Hong Kong government press release cited by ChainCatcher, Secretary for Financial Services and the Treasury Christopher Hui attended a policy briefing session of the Legislative Council Panel on Financial Affairs and outlined the plan. Hui said the proposal forms part of policy measures tied to Hong Kong’s first five-year plan in the financial services and treasury portfolio. He also said Hong Kong’s central gold clearing and settlement system is scheduled to officially launch in the first quarter of next year. Separately, Hong Kong Exchanges and Clearing will release details within this year on a new gold futures contract that will be denominated in renminbi and settled by physical delivery.
Hong Kong will submit a bill this year to amend relevant legislation and create a licensing regime for virtual asset trading, custody, advisory and management services, according to a Hong Kong government press release cited by ChainCatcher.
Christopher Hui, secretary for financial services and the treasury, made the remarks while attending a policy briefing session of the Legislative Council Panel on Financial Affairs. His comments addressed policy measures under the financial services and treasury portfolio in Hong Kong’s first five-year plan.
Hui also said Hong Kong’s central gold clearing and settlement system will officially begin operation in the first quarter of next year. In addition, Hong Kong Exchanges and Clearing will publish details within this year on a new gold futures contract that will be denominated in renminbi and settled through physical delivery.
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