Hong Kong’s Securities and Futures Commission has begun the bidding process for a virtual asset trading surveillance system. This initiative aims to enhance oversight and regulation of virtual asset trading activities in the region. The commission is seeking proposals from qualified vendors to develop a system that can effectively monitor trading practices and ensure compliance with regulatory standards. By implementing this surveillance system, the commission intends to bolster investor protection and maintain market integrity. The move reflects a growing recognition of the importance of robust regulatory frameworks in the rapidly evolving landscape of virtual assets.
