Hong Kong Securities and Futures Commission's Leung Fung-yee: Virtual Asset Circular will be published in the afternoon, introducing three new measures.

The Chief Executive of the Hong Kong Securities and Futures Commission, Ashley Alder, announced that a circular will be issued on Wednesday afternoon (February 11) to explain three new measures related to virtual asset businesses. These measures include allowing brokers to use virtual assets as collateral for margin financing, initially limited to Bitcoin (BTC) and Ethereum (ETH) due to the high volatility of virtual assets. She mentioned that the Hong Kong Securities and Futures Commission has been regulating the development of the virtual asset market based on the principle of "same business, same risk, same rules." The new margin financing standard is consistent with securities, allowing holders of securities or virtual assets to engage in more transactions and improve market liquidity. As for the second measure, she revealed that the Hong Kong Securities and Futures Commission will announce a framework for platforms to offer perpetual contracts, but only for professional investors. The third measure relates to market makers, allowing virtual asset trading platforms to introduce market makers.