Bitcoin

JPEX

<div class="cryptonews">
 <p class="is-style-lead">Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), may allow <a rel="noopener noreferrer nofollow" title="retail" href="https://thebittimes.com/tag/retail.html">retail</a> <a rel="noopener noreferrer nofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a> to buy spot crypto ETFs.</p>
 <p>Bloomberg, citing SFC CEO Julia Leung, writes that the regulator welcomes proposals using innovative technologies that improve efficiency and quality of customer service.</p>
 <blockquote class="wp-block-quote">
  <p>“We’re happy to give it a try as long as new risks are addressed. Our approach is consistent regardless of the asset.”</p> <cite>Julia Leung, SFC CEO </cite>
 </blockquote>
 <p>Although both the US and Hong Kong allow futures-based exchange-traded funds (ETFs), their adoption has been relatively modest compared to the broader fund industry.</p>
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 <p>Hong Kong currently has ETF listings such as&nbsp;Samsung Bitcoin Futures Active, CSOP Bitcoin Futures, and CSOP Ether Futures, with a total combined asset value of approximately $65 million.</p>
 <p>In September, Hong Kong took first place in the ranking of countries and territories most prepared to implement cryptocurrencies. Its victory was ensured by a zero tax rate, a large number of cryptocurrency ATMs, and crypto companies.</p>
 <p>However, after the scandal with the JPEX cryptocurrency exchange, the government will tighten oversight of cryptocurrencies. Police and the SFC recently formed&nbsp;a task force to combat illegal cryptocurrency exchange activity.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/hong-kong-to-allow-retail-investors-to-participate-in-spot-etfs-tbt69150.html">https://thebittimes.com/hong-kong-to-allow-retail-investors-to-participate-in-spot-etfs-tbt69150.html</a></p>

Hong Kong to allow retail investors to participate in spot ETFs

TheBitTimes

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