Hong Kong Securities and Futures Commission: In the next three years, it will implement tokenization to improve industry efficiency and continuously enhance the regulatory framework for virtual assets

ChainCatcher news, the Hong Kong Securities and Futures Commission today published its "2023-24 Annual Report," which reveals four key strategic focuses for the Commission over the next three years. It mentions that it will lead market transformation through technology and ESG, implement tokenization to enhance industry efficiency, and continue to improve the regulatory framework for virtual assets.

In addition, it also stated the need to maintain market resilience and reduce harm, and will continue to combat various types of misconduct related to virtual assets.