The Securities and Futures Commission issued a circular to licensed corporations providing virtual asset trading services, establishing a financing framework for virtual asset brokerage trading. According to reports from Ming Pao News, the Securities and Futures Commission stated that it would allow virtual asset brokers engaged in securities margin financing to provide credit to margin clients, provided they have sufficient securities collateral and limited virtual asset collateral. Eligible virtual asset collateral should be restricted to Bitcoin and Ethereum to mitigate credit risk.

#BTC #ETH