The Hong Kong Securities and Futures Commission has released the "ASPIRe" Roadmap, covering a new regulatory framework for virtual asset over-the-counter trading and custody services.

BlockBeats News, February 19, the Securities and Futures Commission (SFC) of Hong Kong today released the newly established "ASPIRe" roadmap, setting out 12 key measures under five pillars to enhance the security, innovation, and growth of Hong Kong's virtual asset market. The five pillars of the "ASPIRe" roadmap are Access, Safeguards, Products, Infrastructure, and Relationships. These measures will promote global liquidity access, achieve security-first adaptive compliance and product frameworks, and drive infrastructure upgrades enabling traditional finance to leverage blockchain technology performance.

The roadmap covers a new regulatory framework for over-the-counter trading of virtual assets and virtual asset custody services, and will also drive the expansion of virtual asset products and services. Other measures include optimizing operational requirements for virtual asset trading platforms, combating illegal activities, investor education, and actively engaging with stakeholders.