Hong Kong training institute plans to train virtual asset traders in boost to its digital hub ambitions
- SFC is working with HKSI to introduce a new training programme and for distributing examination related study materials
- The virtual asset training programme is expected to be popular among youngsters, HKSI chairman says
The Hong Kong Securities and Investment Institute (HKSI), plans to train virtual asset traders as the city prepares to position itself as a digital hub at a time when regulators around the world are clamping down on online assets.
The HKSI is backed by the local regulator Securities and Futures Commission (SFC) which requires all new centralised virtual asset trading platforms that are operating or selling their services in Hong Kong to be licensed. Existing operators and their traders have until June next year to apply for licenses under the new regulations.
The HKSI, established in 1997, is responsible for training and conducting licensing exams for brokers and asset managers operating in Hong Kong with about 30,000 candidates taking the examination annually.
“We will be running a number of training programmes and seminars on virtual assets in the next few months for those who would like to enhance their knowledge on virtual asset,” said Colin Shaftesley, chairman of HKSI, who is confident about the popularity of the soon-to-be-launched virtual assets training programmes.
“Young people, in particular, have obviously been interested in the virtual asset space for quite some time in Hong Kong,” he said. “The virtual asset industry has been keen to be regulated because if you are regulated, it gives the industry more confidence, and they can market themselves more comfortably saying we are regulated.”
While the HKSI will be responsible for offering the training and licensing examination, it is the SFC which will decide on the timing of the first examination. An SFC spokesman declined to comment about the schedule.
