The post Hong Kong Regulators Prepare to Consider Crypto ETF Applications! appeared first on Coinpedia Fintech News
Hong Kong’s securities and monetary authorities have signaled their readiness to review applications for spot cryptocurrency exchange-traded funds (ETFs). This move comes after the virtual asset landscape has undergone significant changes since 2018, when the Securities and Futures Commission (SFC) adopted a “professional-investors-only” regulatory approach. The joint statement from the SFC and Hong Kong Monetary Authority (HKMA) suggests that the authorities are now open to considering ETF proposals from interested parties. However, no further details have been provided regarding the specific criteria or requirements for such applications.
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