Crypto: Hong Kong's SFC To Pick Out Tokens For Retail Trading
Hong Kong has consistently been making it to the crypto news headlines lately. A couple of weeks back, it opened doors to its very first BTC exchange-traded funds [ETF]. Two ETFs tracking US listed crypto futures veered into Hong Kong. They’re reportedly managed by CSOP Asset Management. Additionally, in the beginning of this week, Financial Secretary Paul Chan said that Hong Kong will be a great place for crypto and fin-tech startups to operate from. He also asserted that the region remains committed to becoming a crypto hub. Retail Trading Under Regulator’s Radar Another key development unravelled on Wednesday. According to the same, crypto tokens will reportedly be shortlisted by the securities watchdog for retail trading. Furthermore, the Securities and Futures Commission [ SFC ] will seek public views on certain regulatory aspects pertaining to Retail Trading . Julia Leung, Chief Executive Officer of the Securities and Futures Commission clarified that the...