FSC Chairman Lee Bok-hyun recently met with financial authorities in Hong Kong and China to discuss capital market stability and regulatory cooperation. A key topic was the evolving landscape of virtual assets, particularly the recent approval of Asia's first spot virtual asset ETF in Hong Kong. The discussions highlighted Hong Kong's proactive approach to virtual assets, including the introduction of token-type money market ETFs and a comprehensive virtual asset promotion roadmap. These developments signal a growing acceptance and integration of virtual assets within established financial systems. Chairman Lee and his counterparts agreed to enhance cooperation on virtual asset supervision, recognizing the importance of a coordinated regulatory approach to address the challenges and opportunities presented by this rapidly evolving asset class. The meetings underscore the increasing global interest in virtual asset ETFs and the need for international collaboration in their regulation. ```
