Hong Kong's Securities Association Proposes Crypto Self-Regulation to Boost Financial Markets
===============
#7105da06 ver:0.36
Hong Kong's securities regulator, the Hong Kong Securities and Futures Commission (SFC), has conditionally approved the city's first spot Bitcoin and Ethereum exchange-traded funds (ETFs) . This landmark approval allows mainstream investors to use regulated financial instruments to gain exposure to the cryptocurrency market, positioning Hong Kong as a global hub for digital assets .
The approval was granted to three offshore Chinese asset managers, including the Hong Kong units of Harvest Fund Management, Bosera Asset Management, and China Asset Management. These asset managers have received conditional approvals from the SFC to launch virtual asset spot ETFs .
The move reflects the growing acceptance and integration of cryptocurrencies into traditional financial systems. It also demonst...
#newstr #HongKong #SecuritiesAssociation #CryptoSelfregulation #FinancialMarkets
https://here.news/story/7105da06?ver=0.36
Hong Kong's Securities Association Proposes Crypto Self-Regulation to Boost Financial Markets /
npub13a…ak0ly
2024-04-22 21:18:44
Author Public Key
npub13a3hje3jxt096tft60trr3q72up7rnr355mhqyhq92hf7mxra27svak0lyPublished at
2024-04-22 21:18:44Event JSON
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"content": "Hong Kong's Securities Association Proposes Crypto Self-Regulation to Boost Financial Markets\n===============\t\n#7105da06 ver:0.36\n\nHong Kong's securities regulator, the Hong Kong Securities and Futures Commission (SFC), has conditionally approved the city's first spot Bitcoin and Ethereum exchange-traded funds (ETFs) . This landmark approval allows mainstream investors to use regulated financial instruments to gain exposure to the cryptocurrency market, positioning Hong Kong as a global hub for digital assets .\n\nThe approval was granted to three offshore Chinese asset managers, including the Hong Kong units of Harvest Fund Management, Bosera Asset Management, and China Asset Management. These asset managers have received conditional approvals from the SFC to launch virtual asset spot ETFs .\n\nThe move reflects the growing acceptance and integration of cryptocurrencies into traditional financial systems. It also demonst...\n\n#newstr #HongKong #SecuritiesAssociation #CryptoSelfregulation #FinancialMarkets \n\n https://here.news/story/7105da06?ver=0.36",
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