The Hong Kong Securities Supervision Commission today released its newly developed "ASPIRe" roadmap, setting out 12 key measures under the five pillars to enhance the security, innovation and growth of Hong Kong's virtual asset market. The five pillars of the "ASPIRe" roadmap are Access, Safeguards, Products, Infrastructure and Relationships (see annex). These measures will promote global liquidity access, enable security-based adaptive compliance and product frameworks, and promote...
Class A shares of securities firms changed, Cinda Securities hit the daily limit, Dongxing Securities rose more than 5%, China Galaxy, CICC, Caitong Securities rose.
According to NOW Financial reports, the Hong Kong Securities Supervision Commission will announce the virtual asset development roadmap this afternoon. Ye Zhiheng, executive director of the intermediary department of the Securities Supervision Commission, said at the Consensus Forum that it is not difficult to formulate the roadmap, and the focus is on how to implement the roadmap. He revealed that it is not just one road, but includes 12 initiatives. Ye Zhiheng pointed out that on the route...
Hong Kong Securities Supervision Commission Chief Executive Officer Liang Fengyi said at the Consensus Forum that virtual assets can now enter the second stage, in this pro-growth strategy, first, Hong Kong will complete the legislation of virtual asset activities, second, will expand products and services, third will optimize the operation process, including hot wallet, cold wallet regulations, and adjust custody requirements and insurance requirements, will be reviewed in terms of compliance a...
According to reports, Liang Fengyi, chief executive of the Hong Kong Securities Supervision Commission, said at the Consensus Forum that the virtual asset roadmap will be released this afternoon, and forward-looking strategies will be formulated by studying the future development direction. Among them, expanding the products and services of licensed virtual asset trading platforms, is considering allowing pledges, providing derivatives for professional investors, and is also considering providin...
Sol Strategies, a company listed on the Canadian Stock Exchange, added 12,456 SOLs, bringing its total holdings to 226,798 SOLs, worth 64.20 million Canadian dollars.
According to its latest disclosure filing with the Securities Exchange Commission, BNY Mellon held more than $13 million in Bitcoin ETFs at the end of the fourth quarter, including 115,108 WisdomTree Bitcoin Fund (BTCW) shares worth approximately $11.87 million and 25,309 BlackRock iShares Bitcoin Trust (IBIT) shares worth approximately $1.4 million.
On February 19, the Hong Kong Securities Supervision Commission approved another virtual asset trading platform license, the latest being the virtual asset trading platform Bullish, which increased the number of licensed virtual asset trading platforms in Hong Kong to 10. Liu Dehao, senior vice president and head of global sales at Bullish, said in an interview with this newspaper earlier that Hong Kong is an important business point, and there are currently more than 100 employees in Hong Kong,...
The Securities Exchange Commission is seeking public comment on whether the agency should approve options trading on three spot Ethereum ETFs. The Securities Exchange Commission (SEC) sought comments on whether to allow the Cboe Exchange, Inc. to list and trade options on the Grey Release Ethereum Trust ETF, the Grey Release Ethereum Mini Trust ETF, and the Bitwise Ethereum ETF, according to a regulatory filing released Tuesday. Comments should be submitted within 21 days of publication in the F...
According to Cointelegraph, the Securities Exchange Commission (SEC) has confirmed receipt of an application for the Bitwise Spot XRP ETF.
The US Treasury on Tuesday cut the size of some of its benchmark Treasury security invite tenders for a second week in a row, seeking to retain borrowing capacity under the statutory debt ceiling. The Treasury said it planned to issue a four-cycle Treasury security of $85 billion on Thursday, down $5 billion from the previous Treasury security offering of the same maturity. The Treasury also announced that it would issue an eight-cycle Treasury security of $80 billion on Thursday, which was also...
Jeff Park, a senior executive at Bitwise, wrote that insider trading leading to losses is technically not illegal under US securities laws, because insider trading, as securities fraud, needs to meet the three components of liability, breach of contract and damages. Jeff Park explained that the Securities Exchange Commission's (SEC) definition of insider trading is primarily based on the Securities Exchange Act's...
The European Securities and Markets Authority (ESMA) has published an exposure draft for public comment on guidelines for the assessment of staff competencies of crypto asset service providers. The guidelines aim to implement the requirements of the Crypto Asset Market Regulation Act (MiCA). According to the proposal, practitioners need to have expertise in key characteristics of cryptoassets, market operations, blockchain technology, and understand the regulatory framework and tax implications....
Ip Chi Heng, Executive Director of the Intermediaries Department of the Hong Kong Securities Supervision Commission, is expected to announce the virtual asset development roadmap within this month. In addition to explaining the development principles, the roadmap will also mention the short-term expectations of the Securities Supervision Commission and the scope of market research, as well as the areas that platform participants hope to optimize. In addition, the focus of the virtual asset roadm...
MEMX, the US stock exchange, has filed with the Securities and Exchange Commission for approval to list the 21Shares XRP ETF as a "commodity trust". The move marks another effort by the US exchange to list an ETF containing spot XRP. The filing also highlights the SEC's shift in stance on cryptocurrencies.