TechFlow news, on November 3, during the Fintech Week, Hong Kong SFC's Chief Executive Officer Mrs. Julia Leung stated that unlike Hong Kong's current model of pre-depositing funds locally with immediate settlement, the SFC has established multiple safeguards to reduce settlement and integrity risks. These include requiring overseas virtual asset trading platforms to implement delivery-versus-payment and pre-funding arrangements, setting up reserve funds in Hong Kong for compensation purposes, and launching a joint surveillance program.
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