Hong Kong Securities and Futures Commission (SFC) Chairman Wong Tin-yau announced plans to provide guidance for digital asset treasuries and examine the issue of listed companies purchasing Bitcoin. Currently, Hong Kong lacks specific regulations for listed companies' involvement in cryptocurrency investments. Wong emphasized the need for investors to understand the concept and value of Digital Asset Treasuries (DAT) as the SFC monitors market developments.
Wong highlighted the absence of legislation governing virtual asset treasury arrangements for listed companies. The SFC aims to address this gap by studying the implications of such investments, including the purchase of Bitcoin by listed entities. This initiative reflects Hong Kong's ongoing efforts to adapt its regulatory framework to the evolving digital asset landscape.
Hong Kong SFC to Develop Guidance on Digital Asset Treasuries
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