Sandbox Pilot Scheme for docking Hong Kong supervision on virtual assets

Depending on the Hong Kong headquarters, the Hong Kong Blockchain Industry Association assists in the inclusion of the virtual asset operation entity of the blockchain project of the Greater Bay Area Blockchain Blue Chip Project Incubator to join the Hong Kong Securities Regulatory Commission Sandbox plan. The field of innovative technology finance such as virtual banking, cryptocurrency exchange and blockchain projects is actively guided to enter the international market. The biggest benefit is that the related virtual asset is regulated by the world’s top compliance district to increase the trustworthiness. Meanwhile, under the guidance of the China Electronics Technology Standardization Institute, the Guangzhou Blockchain Industry Association collaborate with domestic universities and research institutes, for example, Sun Yat-sen University and the Institute of Computer Science of the Chinese Academy of Sciences, to construct a project on virtual incubators for the technology of the blockchain supervision Sandbox in the Guangzhou Development Zone of Huangpu District. The technology has been implemented and supported by a team of professionals from the Hong Kong Blockchain Industry Association to dock with the technical indicators of the Hong Kong Securities and Futures Commission’s Sandbox test plan.