SJSU Business Virtual Asset Trading In HK Essay – Description
Virtual Assets – as digital ways of storing and trading value – are representing one of the newest forms of financial products and services offered to investors. Hong Kong took a bold step towards regulating this area, with rules coming into effect just recently, on June 1st, 2023. Please use the SFC “Guidelines for Virtual Asset Trading Platform Operators” do your own related research as required for the questions below.
Please answer all of the following questions:
a) Please work out the market environment for Virtual Asset Trading Platforms by describing and characterizing (i) the products and services offered, (ii) the customer types addressed with these offers, (iii) the providers of these products and services as well as (iv) the rules that apply for these platforms.
b) Please evaluate the effectiveness of the licensing requirements which are targeting the applicants themselves, by (i) working out and explaining the scope of such licensing requirements and (ii) providing your personal comments on the expected impact of said requirements to the base of licensed operators
c) Please evaluate the effectiveness of the licensing requirements which are targeting the conduct, operations and services provided, by (i) working out and explaining the scope of such licensing requirements and (ii) providing your personal comments on the expected impact of said requirements to the functioning of the virtual assets market
d) How do you personally view the opportunities and risks that are expected with the Virtual Asset regulation in HK? Please give a brief overview of your thoughts and support your reasoning with appropriate background information
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