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Chairman of the Hong Kong Securities and Futures Commission: Plans to provide guidelines for the digital asset treasury and study the issue of listed companies purchasing Bitcoin.
PANews October 30 news, according to Hong Kong Wen Wei Po reports, the chairman of the Hong Kong Securities and Futures Commission, Huang Tianyou, stated yesterday that there are currently no regulations in Hong Kong governing listed companies' participation in investing in Crypto Assets. The Commission will monitor market conditions and study providing relevant guidelines for the market. Huang Tianyou further stated that there are currently no laws in Hong Kong to regulate listed companies' participation in virtual asset treasury arrangements. For listed companies claiming to adopt digital asset treasury (DAT), Huang Tianyou urged investors to be careful and clearly understand what DAT is and its underlying value. He also mentioned that he would study the issue of listed companies purchasing Bitcoin.