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Chairman of the Hong Kong Securities and Futures Commission: Plans to provide guidelines for the digital asset treasury and study the issue of listed companies purchasing Bitcoin.
PANews, October 30, reported by Hong Kong Wen Wei Po, that the chairman of the Hong Kong Securities and Futures Commission, Huang Tianyou, stated yesterday that there are currently no regulations governing listed companies' participation in investments in Crypto Assets in Hong Kong. The Commission will monitor the market situation and study the provision of relevant guidelines for the market. Huang Tianyou added that there are currently no laws regulating listed companies' participation in virtual asset treasury arrangements. For listed companies that claim to adopt Digital Asset Treasury (DAT), Huang Tianyou urged investors to be cautious and clearly understand what DAT is and the underlying value behind it. He also mentioned that the Commission will study the issue of listed companies purchasing Bitcoin.
BTC-1.63%

