According to a government announcement this morning, the Hong Kong Securities and Futures Commission said that individual investors cryptocurrency will have a conversation about potentially allowing him to trade.
Regulators in Hong Kong Announce Plans To Open The Cryptocurrency Market To Individual Investors
Access to crypto via exchange-traded funds (ETFs) will also be on the table.
“We recognize that virtual assets, whether institutional or individual, are increasingly accepted as an investment tool by global investors,” the Financial Services and Treasury Bureau said in a statement.
“These products Hong Kong“It will provide investors with well-designed products, connecting crypto investors and traditional financial institutions, thereby promoting the overall growth of the industry in our market.”
The news is that senior officials in Hong Kong FinTech Week‘s inaugural session as they announced their plans to make the country a global hub for the digital asset industry.
Finance Minister Paul Chan spoke about Hong Kong’s plans to launch a Central Bank Digital Currency (CBDC) in a video released.
“The Hong Kong Central Bank has begun preparatory work to launch our own CBDC,” he said.
“It is also working with the People’s Bank of China, the Bank of Thailand, the Central Bank of the United Arab Emirates and the Bank for International Settlements Innovation Center in Hong Kong on a multiple CBDC project that will enable real-time cross-border foreign currency payment and payment processing,” the report said.
Hong Kong has long positioned itself as the world’s trade gateway to China.
Hong Kong was also one of the first centers to introduce a regulatory licensing system for fund managers and exchanges trading digital assets.
Other governments around the world are also experimenting with their own approaches to overseeing crypto-related activities.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!