The move comes a month after authorities in the City updated financial regulations to allow for retail investors to buy spot crypto ETFs.
Hong Kong’s securities regulator, the Securities and Futures Commission , is moving towards allowing retail investors to buy spot crypto Exchange Traded Funds .. “We’re happy to give it a try as long as new risks are addressed. Our approach is consistent regardless of the asset.”
Hong Kong regulators are continuing to take a progressive approach to crypto, and their opinion on retail exposure to digital assets has shifted throughout the year., the SFC tightened regulations by restricting retail investors from accessing crypto spot ETFs, limiting them to professional investors with portfolios of at least 8 million HKD .
“The policy is updated in light of the latest market developments and enquiries from the industry seeking to further expand retail access through intermediaries and to allow investors to directly deposit and withdraw virtual assets to/from intermediaries with appropriate safeguards,” the SFC said in a circular.
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