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General Counsel of BOCHK: The Hong Kong Securities and Futures Commission Must Take the Initiative to Assume the Responsibility of Monitoring Unlicensed Trading Platforms During the “Transition Period

Carmen Kan Wai Mun, the general counsel of Bank of China (Hong Kong) and a member of the Hong Kong Legislative Council, wrote an article in Sing Tao Daily titled "Developing Virtual Assets with 'Control and Guidance, Teaching and Direction'". The article pointed out that the Hong Kong Securities and Futures Commission lacked efficient channels for information dissemination and insufficient crisis awareness during the JPEX incident.

During the "transitional period" where "non-violation period" must be actively monitored (especially for platforms on the "suspicious virtual asset trading platform list" and other trading platforms that have not obtained a license from the Securities and Futures Commission but hold licenses overseas).

Hong Kong Regulation
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