Ye Zhiheng: The Hong Kong Securities and Futures Commission is tendering for the "Regulatory Communication Accelerator" program, which will introduce third-party service providers as communication bridges.

BTC4,61%
ETH4,08%

Foresight News reports that Hong Kong Securities and Futures Commission (SFC) Intermediaries Department Executive Director Ye Zhi Heng stated at Consensus 2026 that the SFC has officially issued a tender for the “SFC Accelerator” program this morning. The program aims to introduce third-party service providers as communication bridges and may utilize gamification design to optimize interactions between regulatory agencies and market participants, thereby eliminating communication barriers and building mutual trust.

In addition, Ye Zhi Heng provided technical supplements to the measures previously announced by Chief Executive Officer Carrie Lam. He pointed out that in ensuring financial funding, a “two-way linkage” will be implemented, allowing Bitcoin and Ethereum to be used as collateral for securities investments, as well as permitting virtual assets to be used as collateral for traditional securities financing. Regarding perpetual contracts, the SFC will issue a “high-level guidance framework” rather than consultation documents, aiming to guide the market in a more pragmatic way. Initially, participation will be limited to professional investors only. Furthermore, the related market maker mechanism will enable platform subsidiaries to connect to global liquidity pools, preventing Hong Kong’s ecosystem from becoming isolated.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin 8-Hour Average Funding Rate Turns Negative at -0.01%

Gate News message, April 22 — According to Coinglass data, Bitcoin's 8-hour average funding rate across the network currently stands at -0.01%, indicating a slight bearish sentiment among futures traders. Among major exchanges, funding rates vary: one exchange at -0.0007%, another at -0.0033%, a th

GateNews2h ago

BTC 24H up 5.01%, current price 79399.3 USDT

Gate News bot message, Gate market data shows, BTC has risen 5.01% in the last 24 hours, current price is 79399.3 USDT.

CryptoRadar2h ago

MicroStrategy Could Drive Bitcoin to $10M If It Accumulates 7.5% Supply, Saylor Says

MicroStrategy aims for 7.5% of Bitcoin supply, implying $10M per BTC; as of Apr 19 it held 815,061 BTC (~3.88%) for $61.56B, needing ~3.62% more to target saturation in Saylor’s long‑term accumulation plan. Abstract: MicroStrategy seeks to accumulate roughly 7.5% of Bitcoin supply, a threshold Saylor suggests could push BTC to about $10 million and slow purchases thereafter. By April 19 it owned 815,061 BTC (≈3.88% of supply) for $61.56B and would require about 3.62 percentage points more to reach the target, indicating a approaching saturation of its long-run accumulation strategy.

GateNews3h ago

Bitcoin Liquidation Levels: $28.21B Long Liquidations at $74,951, $16.13B Short Liquidations at $82,741

Gate News message, April 22 — According to Coinglass data, if Bitcoin falls below $74,951, cumulative long liquidations across major centralized exchanges would reach $28.21 billion. Conversely, if BTC breaks above $82,741, cumulative short liquidations across major CEXs would reach $16.13 billion.

GateNews4h ago

Bitcoin and Ethereum Spot ETFs Record Consecutive Net Inflows; BTC ETFs Reach $99.08B in Assets

Abstract: Bitcoin and Ethereum spot ETFs posted net inflows on Apr 21, extending multi-day streaks. BTC inflows were led by BlackRock’s IBIT and Grayscale, with GBTC outflows; ETH inflows were led by ETHA, with ETHE outflows. Summary: Bitcoin and Ethereum spot ETFs posted Apr 21 inflows, extending gains; BTC led by IBIT and Grayscale with GBTC outflows, NAV $99.08B (6.54%). ETH inflows topped by ETHA, ETHE outflows; NAV $13.66B, inflows $12.05B.

GateNews5h ago

Expert Observes a Bullish 90-Day Bitcoin Pattern Repeating, BTC Could Hit $145,000 ATH Target

Expert observes a bullish 90-day Bitcoin pattern repeating.  He declares accumulation phase complete and expects manipulation phase to start.  BTC could hit $145,000 ATH target in the final distribution phase. The crypto market has been moving in an upwards direction after weeks of

CryptoNewsLand5h ago
Comment
0/400
No comments