Securities and Futures Commission (SFC) Chairman: Intends to Provide Guidance for Digital Asset Custodians and Explore the Issue of Listed Companies Acquiring Bitcoin

On October 30th, the Chairman of the Hong Kong Securities and Futures Commission, Tim Lui Tim-Leung, stated yesterday that currently in Hong Kong, there are no regulations governing listed companies' involvement in cryptocurrency investments. The commission will monitor the market situation and study providing relevant guidance to the market in the future. Tim Lui Tim-Leung further added that currently in Hong Kong, there is no legislation to regulate listed companies' participation in virtual asset treasury arrangements. Regarding listed companies claiming to adopt a Digital Asset Treasury (DAT), Tim Lui Tim-Leung cautioned investors to carefully understand what DAT means and its underlying value proposition. He also mentioned that the commission will study the issue of listed companies purchasing Bitcoin. (Wen Wei Po)