Hong Kong is ramping up efforts to position itself as a global hub for digital assets.
The Securities and Futures Commission (SFC) of Hong Kong is mulling over retail access to spot crypto exchange-traded (ETF), according to Bloomberg. This move is part of the country’s attempts to foster the development of a tokenized investment market.
Julia Leung, CEO of the SFC, told Bloomberg that SFC is ready to review “proposals using innovative technology that boosts efficiency and customer experience.” She noted that the regulators are willing to give the spot products a try “as long as new risks are addressed.” They also plan to take a consistent approach “regardless of the asset.”
Hong Kong Likes Cryptos
Hong Kong has gradually shifted its stance toward cryptocurrency and crypto-related products. Previously, only investors with a minimum investment amount of HK$8 million (approximately $1 million) were allowed to…
