On February 14, 2025, the Securities and Futures Commission ("SFC") held the inaugural meeting of the Virtual Asset Consultative Panel ("VACP") to guide regulatory policies for virtual asset trading platforms.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On February 14, 2025, the Securities and Futures Commission ("SFC") held its inaugural meeting of the Virtual Asset Consultative Panel ("VACP") for licensed virtual asset trading platforms ("VATPs"). The VACP is chaired by Dr. Eric Yip, the SFC’s Executive Director of Intermediaries, and includes senior management representatives from all licensed VATPs.
The primary objective of the VACP is to offer valuable input to the SFC’s regulatory policy formulation for the virtual asset ecosystem. Through collaborative efforts, the panel aims to identify key policy priorities and facilitate market and regulatory developments that prioritize investor safeguards.
The SFC anticipates close collaboration with VACP members to foster innovation while maintaining high regulatory standards. Dr. Yip underscored that the VACP is a component of the SFC’s proactive approach to engaging with VATPs to promote sustainable growth and set development priorities in this dynamic landscape.
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