The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Hong Kong regulator reassesses retail crypto ETF laws

News Snapshot:

The Securities and Futures Commission, or SFC, in Hong Kong is reviewing regulations regarding virtual currency transactions, including whether individuals can invest in exchange-traded funds or ETFs. According to a South China Morning News report on November 3, the 2018 regulations limited cryptocurrency transactions through funds or trading platforms to professional investors with at least HK $ 8 million to invest. SFC Deputy General Manager Julia Leung Fung-yee said the reassessment will be carried out “to see if it is still fit for purpose and if changes are needed.” Fung-yee, speaking at the 2021 Hong Kong Financial Technology Week conference,…

Other China Tech Buzz: