Regulating Virtual Assets: The Hong Kong Advantage

Regulatory Ramblings

EXTENDED PLAY WITH GUEST: DONALD DAY
As Hong Kong implements the VATP (Virtual Asset Trading Platforms) licensing regime in June 1, 2023, find out what former SFC-Hongkong's digital assets expert and creator of the rulebook for Virtual Asset Fund Managers and Trading Platforms, Donal Day, has to say. He also co-authored the regulatory framework, terms and conditions and guidelines for virtualassets.
Donald, chief operating officer of fintech start-up firm VDX, and the former in-house cryptocurrency/digital asset expert at Hong Kong’s capital markets regulator, the Securities and Futures Commission (HKSFC), sits down to chat with Regulatory Ramblings host Ajay Shamdasani. They discuss Donald’s time as a regulator, the importance of broadening the policy discussion beyond just being about cryptocurrencies to envisaging a future where virtual assets are a key part of daily commerce, as well as the importance of digitization, and Hong Kong’s ideal position as a global fintech and digital asset hub, the HKSFC’s new virtual asset service provider regulatory regime and its implications for legal and compliance staff, and some of the aims of The Crypto Fraud and Asset Recovery Network (CFAAR)’s local chapter almost a year after its formation.

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