Hong Kong has accelerated its efforts to become one of the world’s leading crypto centers on access to individual investors, attracting crypto companies to the country, and regulation of cryptocurrency exchanges and investment products.
Hong Kong’s financial regulator Financial Services and Treasury Bureau 31 October on Hong Kong FinTech Week In the press release published on the official website at the opening, individual investors’ access to virtual assets public consultation will be initiated on withdrawal of crypto companies to the country It was stated that studies will be carried out on the subject. Cryptocurrency exchanges and investment products Besides the tokenization of green bonds It was also among the topics mentioned in the press release.
In the statement, the Hong Kong authority said, global virtual asset service providers to establish close relations with and ready to invite to the city was stated. A financial authority will determine whether individual investors have the necessary competencies to access virtual assets. license system It was also stated in the press release that he will hold a public session on
Julia Leung, Vice Chairman of the Hong Kong Securities and Futures Commission In his speech at the event, the institution said that crypto mutual funds (ETFs) appropriate security measures He stated that he believed they were manageable with Noting that future crypto ETFs will be subject to additional requirements such as investor education, Leung said in the initial phase on the Chicago Mercantile Exchange traded Bitcoin (BTC) and Ethereum (ETH) with futures products annoyed announced that it would.
leung, of tokenized securities He stated that he was of the opinion that the institution should be treated in a similar way to existing securities. In addition, the Vice President is no longer recognized by the institution as tokenized securities are issued on the blockchain. not be classified as complex products. also added. Regulating the crypto ecosystem the only way to innovate Leung, who suggests that they are at the top of their financial future, if this job is done correctly, but that a tedious process stated that.