Hong Kong Considers Allowing Spot Crypto ETFs in Effort to Become Leading Digital Asset Hub: Report
Hong Kong is reportedly considering the possibility of allowing spot cryptocurrency exchange-traded funds (ETFs) in addition to the futures-based crypto ETFs currently allowed. The CEO of Hong Kong’s Securities and Futures Commission, Julia Leung, stated that the city-state welcomes proposals using innovative technology that boost efficiency and customer experience, as long as new risks are addressed. This move comes as Hong Kong aims to become a leading digital asset hub, with the rollout of a virtual assets regulatory framework earlier this year. Reports also suggest that the Hong Kong Monetary Authority has pushed for banks in the city-state to offer their services to licensed crypto exchanges.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sonic SVM is now open for airdrop inquiries and will conduct TGE on January 7
X Platform Payment System “X Money” May Be Launched Soon, or Integrate Cryptocurrency
Smart money is expected to make a total profit of $2.86 million by trading AI token LMT