Hong Kong Securities and Futures Commission Chairman: Plans to provide guidance for digital asset treasuries and study the issue of listed companies purchasing Bitcoin.

Hong Kong Securities and Futures Commission (SFC) Chairman Wong Tin-yau stated yesterday that Hong Kong currently lacks regulations governing listed companies' participation in cryptocurrency investments. He added that the SFC will monitor market conditions and study providing relevant guidance. Wong further noted that Hong Kong currently has no legislation regulating listed companies' participation in virtual asset treasury arrangements. Regarding listed companies claiming to adopt Digital Asset Treasuries (DAT), Wong urged investors to carefully understand what DAT is and its underlying value. He also indicated that the SFC will study the issue of listed companies purchasing Bitcoin.