One of the Four Asian Tigers, Hong Kong, is now set to allow crypto investments to retail and institutional investors and has unveiled plans for regulations.
The Securities and Futures Commission (SFC) confirmed its intentions to launch a consultation paper with proposed guidelines and regulatory rules for cryptocurrencies or, as officially called, virtual assets (VA).
The regulator is further considering allowing retail access to virtual assets through exchange-traded funds. Despite the industry push, such ETFs are yet to receive approval in the United States. However, several European countries have
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One of the Four Asian Tigers, Hong Kong, is now set to allow crypto investments to retail and institutional investors and has unveiled plans for regulations.
The Securities and Futures Commission (SFC) confirmed its intentions to launch a consultation paper with proposed guidelines and regulatory rules for cryptocurrencies or, as officially called, virtual assets (VA).
The regulator is further considering allowing retail access to virtual assets through exchange-traded funds. Despite the industry push, such ETFs are yet to receive approval in the United States. However, several European countries have
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