KPMG: Hong Kong already has a healthy VATP regulatory framework and appropriate regulatory adjustments can be made

KPMG Asia Pacific and China Chairman, Kenneth Tung, stated that Hong Kong's technology and innovation foundation is stable and believes it will not affect Hong Kong's development as an international virtual asset center. Most investors may not understand the differences between virtual assets and traditional financial products, and regulatory agencies should ensure investor protection and market fairness, transparency, and effective operation. Hong Kong already has a healthy regulatory framework for virtual asset trading platforms (VATP), and regulatory agencies should continue to strengthen measures while maintaining dialogue with the market to understand the latest developments in emerging technologies and make appropriate regulatory adjustments.