Hong Kong Securities and Futures Commission ( SFC), DeFi projects stated that it needs to go through regulatory clarifications.
one of the central positions of the Asian fury, Hong Kong , discussions have begun on crypto regulations. Hong Kong’s regulator SFCdecentralized finance ( DeFi ) wants their projects organized. In addition, the regulator stated that if virtual assets are listed on centralized exchanges, they must apply for licenses.
Move from Hong Kong Regulator to DeFi Industry
Hong Kong Securities and Futures Commission ( SFC), USA It accompanied the DeFi move.
Hong Kong‘s editor, WednesdayDecentralized finance ( DeFi) of their projects He stated that he could pass the censorship conditions and regulations.
SFCinterim head of intermediaries Keith ChoySecurities and Futures Regulations of DeFi projects ( SFOHe said he would see the same regulations as traditional financial products as long as they are covered by the .
Speaking at an event choy He stated that DeFi may cause problems in financial stability and transparency. In addition, Choy underlined that this industry is pregnant with various abuses.
Also, another discourse of SFC was crypto projects on decentralized exchanges. SFCthinks that virtual assets in this area should also be licensed.
