TechFlow news, February 19 — According to an official announcement, the Hong Kong Securities and Futures Commission (SFC) has released a new ASPIRe roadmap, setting out five pillars: Access, Safeguards, Products, Infrastructure, and Relationships. The roadmap includes 12 key initiatives aimed at positioning Hong Kong as a global virtual asset hub.
The roadmap will establish a new regulatory framework for over-the-counter virtual asset trading and custody services, optimize operational requirements for trading platforms, and promote the expansion of virtual asset products and services. SFC Executive Director of Intermediaries, Kevin Yip, stated that the roadmap will facilitate global liquidity access under investor protection, implement a safety-oriented compliance framework, and encourage traditional financial institutions to upgrade infrastructure using blockchain technology.
