Despite the limitations to be placed on retail investors, SFC executive Julia Leung Fung-yee hinted that they are moving to position Hong Kong as a digital asset hub.
), the SFC executive did not respond, but reiterated that “highly liquid” assets will be allowed.
Despite the limitations that will be placed on retail investors, Leung highlighted that they are moving to position Hong Kong as a virtual asset hub. “We aim to have a proper regulatory framework to safeguard the interest of all investors and to enhance Hong Kong as a virtual asset hub,” she said. The CEO also noted that proper regulation could prevent issues, such as the collapse of the FTX exchange, from happening in Hong Kong.in Hong Kong. The official highlighted that the government is doing its best to provide appropriate supervision to the crypto space and realize the potential of Web3 technology.
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