Xiao Feng: After March next year, utility tokens will be regulated by the Hong Kong Securities and Futures Commission

ChainCatcher news, during the Twitter Space discussion on the new virtual asset policy organized by SQUARE DAO in Hong Kong, Dr. Xiao Feng from HashKey Group revealed that after the "Anti-Money Laundering and Counter-Terrorism Financing Ordinance" is passed in March next year, Utility Tokens will also be subject to regulation. However, he believes that their regulation should be different from that of securities tokens. It is worth noting that Utility Tokens are not within the regulatory scope in Singapore.