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Secretary for the Treasury of Hong Kong: The Securities and Futures Commission will soon issue a notice on intermediaries engaged in tokenized securities activities

Odaily Planet Daily News: Hong Kong Financial Secretary Paul Chan Mo-po said at the 8th Hong Kong Fintech Week forum that the government continues to encourage Web3 innovation, and the recent crackdown on JPEX has not undermined its determination. He said: "We have been asked many times whether JPEX will affect our determination to develop the Web3 market. The answer is obviously no." Chan Mo-po added that the Securities and Futures Commission will soon issue a notice on intermediary agencies engaged in tokenized securities-related activities and investment products recognized by the Securities and Futures Commission. He said that another area of ​​concern for regulatory agencies is exploring how to expand their jurisdiction to cover virtual asset trading beyond transactions on virtual asset trading platforms. At the same time, the Hong Kong Monetary Authority and the Financial Services and Treasury Bureau will soon publish another joint consultation on the regulatory regime for stablecoin issuers. (The Block)

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