Hong Kong regulator re-evaluates retail crypto ETFs laws
The Securities and Futures Commission of Hong Kong has received many requests to approve crypto ETFs for trading. The Securities and Futures Commission, or SFC, in Hong Kong is reviewing regulations surrounding virtual currency transactions, including whether individuals can invest in exchange-traded funds, or ETFs.According to a report by South China Morning News on Wednesday, the 2018 regulations limited transactions of cryptocurrencies via funds or trading platforms to professional investors with at least HK$8 million ($1,028,624.00) to invest.SFC's deputy chief executive Julia Leung....
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The local securities regulator in Hong Kong will review the rules for people to be able to trade crypto-linked Exchange Traded Funds (ETFs). According to a report by the South China Morning Post, Hong Kong’s Securities and Futures Commission (SFC) will take another look into its digital asset transaction regulation. Related Reading | Bye-Bye China […]
Hong Kong is relaxing its crypto regulation to allow retail investors to trade digital assets directly. A licensing regime for crypto platforms that allows retail crypto trading is reportedly set to be enforced in March next year. Hong Kong Nears Allowing Retail Crypto Trading Hong Kong is reportedly relaxing its strict cryptocurrency regulation with a....
The director of licensing and head of the fintech unit of Hong Kong’s Securities and Futures Commission (SFC) has confirmed that the regulator is considering allowing retail investors to invest directly in crypto assets. “We’ve had four years of experience in regulating this industry … We think that this may be actually a good time to really think carefully about whether we will continue with this professional investor-only requirement.” SFC Director on Crypto Regulation in Hong Kong Elizabeth Wong, director of licensing and head of the fintech unit of Hong....
Huobi Tech, a fund manager in Hong Kong has plans to introduce a cryptocurrency tracking exchange-traded fund (ETF), especially for retail investors. This move comes after the city released its recent guidelines for the sale of virtual assets, there was a relaxation concerning retail ownership of foreign ETFs. Due to the relaxation, Huobi Tech furthered […]
Hong Kong’s securities regulator has warned investors to be wary of risks that are associated with non-fungible tokens (NFTs). The regulator also advised investors to consider investing in NFTs only if they fully understand the risks.
NFTs ‘Straddle the Line Between Collectibles and Financial Assets’
A Hong Kong regulator has said NFTs face risks that are associated with other virtual assets and investors should not invest in these assets if they do not fully understand such risks.
According to a report by Interface News, the Hong Kong Securities....