Reported 2 days ago
Hong Kong is advancing its efforts to become a digital asset hub by introducing new licensing regimes for over-the-counter trading and custody services for virtual assets, as announced by the Securities and Futures Commission. The city aims to improve market efficiency and investor protections, while also reviewing options for derivative trading and margin financing. Following China's cryptocurrency ban, Hong Kong has launched the first Asia-based crypto exchange-traded funds and issued multiple trading licenses, highlighting its commitment to fostering a thriving digital asset ecosystem.
Source: YAHOO