Virtual asset risks to be better managed
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Hong Kong is studying regulatory measures to manage risks of virtual assets. Under Secretary for Financial Services and the Treasury Joseph Chan Ho-lim stated that the government aims to establish a stable and transparent regulatory environment to promote the sustainable development of virtual assets and the Web3 market. Chan highlighted that investors may not receive sufficient protection on platforms when trading different types of virtual assets. Hong Kong, as an international financial center, will closely monitor international regulatory developments to ensure prudent requirements for the virtual asset market. Additionally, Hong Kong is expected to approve exchange-traded funds (ETFs) investing in bitcoin and ether, with Harvest Fund Management and Bosera Asset Management (International) among the issuers expected to launch these ETFs at the end of the month.

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https://www.thestandard.com.hk/section-news/section/2/261966/Virtual-asset-risks-to-be-better-managed