Hong Kong Considering Offering Cryptocurrency Access To Individual Investors

Hong Kong, one of the largest financial centers in Asia, is considering allowing individual investors access to cryptocurrencies.

According to a local agency report Hong Kong, cryptocurrency policies from the mainland separate It is trying to reassure Fintechs that it is Hong Kong more flexible under a cryptocurrency policy individual investors’ access to cryptocurrencies is evaluating.

Elizabeth Wong, Head of Fintech Division of the Securities and Futures Commission (SFC) On October 17, at a panel organized by InvestHK, it was stated that even Hong Kong’s regulation of its own crypto money laws is one of the policies of the mainland. far He stated that it showed.

The last of the SFC in the report four for years, cryptocurrencies only 8 million Qualified investors holding Hong Kong dollars or equivalent securities are entitled to access rule as all individual investors. to stretch their thoughts were stated. Elizabeth Wong made the following statements on the subject:

We think this is a really good time to consider whether the qualifying investor requirement will continue to be sought when investing in cryptocurrencies.

According to the statements, SFC allows individual users to use cryptocurrencies. their ETFs and futures cryptocurrencies also evaluates its access within the scope of this study.

In addition to cryptocurrencies, authorities are trying to make Hong Kong an international virtual asset center. metaverse and NFTs plans to adopt it officially. In addition, Hong Kong is already in this area. the most successful recognized as one of the authorities. Hong Kong special administration is on the list of authorities best prepared for widespread crypto adoption in a study published by Forex Suggest in July 2022. first it happened.

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