Hong Kong’s Securities and Futures Commission (SFC) held its first-ever Virtual Asset Consultative Panel (VACP) meeting to discuss the future of cryptocurrency regulations.
The meeting, led by SFC Executive Director Dr. Eric Yip, brought together leaders from licensed crypto trading platforms in Hong Kong. The main goal was to protect investors and support the growth of the crypto industry while ensuring proper regulations.
Dr. Yip emphasized that this panel will help the SFC set priorities for market development and promote innovation.
Key Topics Discussed:
Setting clear rules for crypto businesses
Expanding the crypto market in a regulated way
Balancing innovation and regulation
Hong Kong is actively working to become a major crypto hub. The SFC recently proposed hiring eight new staff members dedicated to crypto regulations as part of its 2025–2026 budget.
In another big move, the SFC approved HashKey Capital to offer professional crypto investment services, including spot trading, derivatives, and over-the-counter transactions.
This marks a major step in Hong Kong’s commitment to building a strong and well-regulated crypto industry.
