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Hong Kong regulator re-evaluates retail crypto ETFs laws TODAY

November 4, 2021
Source: today.ng today.ng
News Snapshot:
The Securities and Futures Commission, or SFC, in Hong Kong is reviewing regulations surrounding virtual currency transactions, including whether individuals can invest in exchange-traded funds, or ETFs. According to a report by South China Morning News on Nov.3, the 2018 regulations limited transactions of cryptocurrencies via funds or trading platforms to professional investors with at least HK$8 million to invest. SFC’s deputy chief executive Julia Leung Fung-yee stated that the re-evaluation will be made “to see if it is still fit for purpose and whether modifications are required.” Fung-yee, speaking at the 2021 Hong Kong Financial Technology Week conference, said...
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Tags: applications | bank | bitcoin | blockchain | BTC | Business | China | commission | crypto | cryptocurrency | currency | digital | executive | finance | financial | fintech | HKMA | Hong Kong | Hong Kong Monetary Authority | investment | IT | KONG | retail | technology | United States

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