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<p data-pm-slice="1 1 []">For some period of time, the Hong Kong Exchanges and Clearing Limited or HKEX as it was called is reportedly set to roll out a pilot edition of the virtual currency on November 15. The two most popular digital currencies in the world known as Bitcoin BTC and Ethereum ETH are significant focus aspects of the two newly established index series for those investors who invested the money therein. This will improve the understanding and accessibility of virtual assets in the Asian market, hence the vibrancy of the virtual asset ecosystem in Hong Kong.</p> 
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-24462" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Qubetics-is-728x90-1.jpg" alt="Qubetics is 728x90 1" width="728" height="90" title="HKEX Virtual Asset Index Series to Set New Standards in Crypto Pricing 52"></p> 
<h2 id="new-virtual-asset-index-signals-hong-kong-s-crypto-push">New Virtual Asset Index Signals Hong Kong’s Crypto Push</h2> 
<p data-pm-slice="1 1 []">Hong Kong’s latest move marks a pivotal step towards mainstream acceptance of virtual currencies. The proposed index from Hang Seng seeks to provide much-needed oversight and transparency for investors venturing into the burgeoning crypto market. Establishing an independently regulated benchmark aims to assuage reservations from traditional financial actors regarding the stability and reliability of digital assets.</p> 
<p data-pm-slice="1 1 []">If successful, the index series could galvanize increased participation from large institutions, lending credibility to performances and valuations. Such validation may drive broader adoption locally and globally. In line with its vision, authorities also view virtual currencies as a frontier for financial innovation. As one of the world’s leading financial hubs, Hong Kong appears committed to nurturing promising technologies like blockchain and cultivating the regional virtual asset industry.</p> 
<p data-pm-slice="1 1 []"><img loading="lazy" decoding="async" class="wp-image-26505 size-full aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Commitment-to-Regulatory-Standards-e1730292696323.webp" alt="Commitment to Regulatory Standards" width="1022" height="660" title="HKEX Virtual Asset Index Series to Set New Standards in Crypto Pricing 53" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Commitment-to-Regulatory-Standards-e1730292696323.webp 1022w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/Commitment-to-Regulatory-Standards-e1730292696323-768x496.webp 768w" sizes="(max-width: 1022px) 100vw, 1022px"></p> 
<h2 id="commitment-to-regulatory-standards">Commitment to Regulatory Standards</h2> 
<p data-pm-slice="1 1 []">Another important aspect of the HKEX Virtual Asset Index Series is that it is in line with the European Union Benchmark Regulation, or BMR. The regulatory requirement here helps to drive home HKEX’s interest in achieving higher standards of governance and transparency as practised within the fast-developing virtual asset market. In that context, Group CEO Peter Chan said, “We are pleased to launch the HKEX Virtual Asset Index Series to meet regional demand for this rapidly emerging asset class.”. Another important aspect of the HKEX Virtual Asset Index Series is that it is in line with the European Union Benchmark Regulation, or BMR. The regulatory requirement here helps to drive home HKEX’s interest in achieving higher standards of governance.</p> 
<h2 id="supporting-a-dynamic-ecosystem">Supporting a Dynamic Ecosystem</h2> 
<p>The volume-weighted methodology will be used for the calculation of BTC and ETH to get <a href="https://www.cryptoglobe.com/latest/2024/10/hkex-to-launch-reliable-benchmarks-for-bitcoin-and-ether-pricing-in-the-asian-time-zone/" target="_blank" rel="noopener nofollow">HKEX</a> reference indices. Benchmark 24-hour volume-weighted spot prices will be weighted by aggregate market prices culled from several global exchanges for cryptocurrencies. Moreover, the reference exchange rate for the index will also be calculated daily at 4 o’clock Hong Kong time, and strategic timing will be selected to coincide with global patterns of trading. This makes the index even more relevant to international investors. The HKEX Virtual Asset Index Series is a giant leap toward a vibrant virtual asset ecosystem in Hong Kong. In 2022, the Hong Kong authorities issued a policy statement that concentrated on innovation and growth in the virtual asset sector.</p> 
<p><img loading="lazy" decoding="async" class="size-full wp-image-14125 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/08/DALL·E-2024-03-27-10.35.00-An-image-featuring-a-large-shining-Bitcoin-symbol-in-the-foreground-with-the-Hong-Kong-flag-waving-in-the-background.-The-scene-is-vibrant-and-dynami.webp" alt="HKEX Virtual Asset Index Series to Set New Standards in Crypto Pricing" width="1792" height="1024" title="HKEX Virtual Asset Index Series to Set New Standards in Crypto Pricing 54" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/08/DALL·E-2024-03-27-10.35.00-An-image-featuring-a-large-shining-Bitcoin-symbol-in-the-foreground-with-the-Hong-Kong-flag-waving-in-the-background.-The-scene-is-vibrant-and-dynami.webp 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/08/DALL·E-2024-03-27-10.35.00-An-image-featuring-a-large-shining-Bitcoin-symbol-in-the-foreground-with-the-Hong-Kong-flag-waving-in-the-background.-The-scene-is-vibrant-and-dynami-768x439.webp 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/08/DALL·E-2024-03-27-10.35.00-An-image-featuring-a-large-shining-Bitcoin-symbol-in-the-foreground-with-the-Hong-Kong-flag-waving-in-the-background.-The-scene-is-vibrant-and-dynami-1536x878.webp 1536w, https://www.turkishnyradio.com/wp-content/uploads/2024/08/DALL·E-2024-03-27-10.35.00-An-image-featuring-a-large-shining-Bitcoin-symbol-in-the-foreground-with-the-Hong-Kong-flag-waving-in-the-background.-The-scene-is-vibrant-and-dynami-750x429.webp 750w, https://www.turkishnyradio.com/wp-content/uploads/2024/08/DALL·E-2024-03-27-10.35.00-An-image-featuring-a-large-shining-Bitcoin-symbol-in-the-foreground-with-the-Hong-Kong-flag-waving-in-the-background.-The-scene-is-vibrant-and-dynami-656x375.webp 656w, https://www.turkishnyradio.com/wp-content/uploads/2024/08/DALL·E-2024-03-27-10.35.00-An-image-featuring-a-large-shining-Bitcoin-symbol-in-the-foreground-with-the-Hong-Kong-flag-waving-in-the-background.-The-scene-is-vibrant-and-dynami-360x206.webp 360w, https://www.turkishnyradio.com/wp-content/uploads/2024/08/DALL·E-2024-03-27-10.35.00-An-image-featuring-a-large-shining-Bitcoin-symbol-in-the-foreground-with-the-Hong-Kong-flag-waving-in-the-background.-The-scene-is-vibrant-and-dynami-315x180.webp 315w, https://www.turkishnyradio.com/wp-content/uploads/2024/08/DALL·E-2024-03-27-10.35.00-An-image-featuring-a-large-shining-Bitcoin-symbol-in-the-foreground-with-the-Hong-Kong-flag-waving-in-the-background.-The-scene-is-vibrant-and-dynami-350x200.webp 350w, https://www.turkishnyradio.com/wp-content/uploads/2024/08/DALL·E-2024-03-27-10.35.00-An-image-featuring-a-large-shining-Bitcoin-symbol-in-the-foreground-with-the-Hong-Kong-flag-waving-in-the-background.-The-scene-is-vibrant-and-dynami-300x171.webp 300w, https://www.turkishnyradio.com/wp-content/uploads/2024/08/DALL·E-2024-03-27-10.35.00-An-image-featuring-a-large-shining-Bitcoin-symbol-in-the-foreground-with-the-Hong-Kong-flag-waving-in-the-background.-The-scene-is-vibrant-and-dynami-1140x651.webp 1140w, https://www.turkishnyradio.com/wp-content/uploads/2024/08/DALL·E-2024-03-27-10.35.00-An-image-featuring-a-large-shining-Bitcoin-symbol-in-the-foreground-with-the-Hong-Kong-flag-waving-in-the-background.-The-scene-is-vibrant-and-dynami-998x570.webp 998w, https://www.turkishnyradio.com/wp-content/uploads/2024/08/DALL·E-2024-03-27-10.35.00-An-image-featuring-a-large-shining-Bitcoin-symbol-in-the-foreground-with-the-Hong-Kong-flag-waving-in-the-background.-The-scene-is-vibrant-and-dynami-1024x585.webp 1024w" sizes="(max-width: 1792px) 100vw, 1792px"></p> 
<p>&nbsp;</p> 
<h2 id="future-developments">Future Developments</h2> 
<p>While the HKEX Virtual Asset Index Series will be launched on November 15, the Hong Kong authorities have stated that they will announce the details regarding the design and methodology used for the index in the following weeks. The most important development in Hong Kong’s financial landscape is the HKEX Virtual Asset Index Series, a transparent, regulated way of pricing cryptocurrency. It will further increase investor confidence in this virtual asset market in the region. In its dedication to innovation and regulatory compliance, HKEX is sure to take on an even more important role in shaping the future of virtual assets in Asia.</p> 
<p data-pm-slice="1 1 []">This benchmark exemplifies its progressiveness and underscores efforts to integrate digital offerings safely within its established markets.</p> 
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HKEX Virtual Asset Index Series to Set New Standards in Crypto Pricing

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