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Gate Group said it had held closed-door meetings with the Financial Services Treasury Board (FSTB), the Securities and Futures Commission (SFC) and Invest Hong Kong to discuss Hong Kong’s recent policy statements on virtual assets. company statement.
The purpose of the conference was to address industry leaders’ questions and concerns regarding policy and regulation. Watchdog is also considering encouraging cryptocurrency exchanges to consider their licensing requirements.
Gate Group said it supports the SFC’s recent efforts to regulate crypto trading platforms and license crypto funds.
Gate Group CEO Lin Han said:
I am delighted to attend this important conference and to have the opportunity to share my thoughts on the future of crypto assets in Hong Kong. A clear and consistent regulatory framework is essential for the growth and development of this sector. We believe there is, and are committed to working closely with regulators and industry stakeholders to achieve this.
Gate Group’s Hong Kong-based company, Gate HK, has acquired a Trust or Company Service Provider (TCSP) license, confirming its position as a global leader in the virtual asset services industry.
Gate.io part of Gate Group also recently launched a $100 million industry liquidity support fund to help restore confidence in the cryptocurrency industry.
The Gate Group, which is in negotiations with Hong Kong authorities on crypto policies and regulations, first appeared on CryptoSlate.
