Hong Kong organizer reveals the “Aspire” road map to become Global Crypto Hub – TradingView News

The Hong Kong Securities and Futures (SFC) committee has introduced a new road map aimed at setting the city as a global coercion center.

On February 19 /

It responds to challenges such as fragmented liquidity, organizational arbitration and market fluctuation while enhancing innovation through a five -covers strategy: access, products, products, infrastructure and relationships.

The new road map includes 12 initiatives spread across five broad categories, which include providing market access, improving compliance and frameworks and improving Blockchain efficiency.

“Access” calls for a simplification of the market entry, “Sofeguards” deals with enhancing compliance without suffocation of growth, and “products” focuses on expanding virtual asset offers. SFC edifice:

“This embodies a pragmatic approach to unifying the role of Hong Kong as a reliable association of virtual assets liquidity.”

Other columns – “infrastructure” and “relationships” – dedicated to enhancing oversight, compliance, education, participation and transparency, respectively.

Note interest from institutional investors

SFC has also noticed the increasing dominance of institutional investors in the world that contributes to the formation of the encryption market. However, the organizational differences between the main financial centers such as Singapore, Europe, the United States and China are challenges to compliance and market stability.

The growing institutional adoption increases the lack of clarity of lines between encryption and traditional financing (Trafi), according to SFC:

“This rapprochement provides dual opportunities: the accuracy of the Tradfi compliance with virtual assets and the use of innovations that depend on Blockchain to update Trafi.”

It calls for updating the rules to accommodate the innovation of encryption

SFC also advised the organizers to show the lightness of movement in “updating the old bases” to accommodate distinctive securities and other hybrid models while ensuring the basic organizational commitment to innovations in smart contracts and decentralized platforms.

Parallel to the SFC announcement, the financial secretary at Hong Kong, Paul Chan Mo Bo, confirmed that Hong Kong will remain a “stable, open and vibrant market for digital assets” in a major address in consensus 2025.

He also said that the region is invested extensively in the virtual infrastructure related to assets and talent development.