As cryptocurrency becomes more mainstream in the world, Hong Kong looks to join in with the announcement for plans to launch a crypto ETF looking to track popular cryptocurrencies like Bitcoin. The Hong Kong Securities and Futures Commission (SFC) has stated that they’re actively looking for a mechanism to ensure the appropriate laws are in place for launch. There’re are additional requirements for cryptocurrency ETFs due to the high volatility that comes with them.
Hong Kong Unveils Plans For Cryptocurrency ETF
ETF Newz Says:
Hong Kong has said they’re open to developing their fintech industry, looking into NFTs, the metaverse, and Web3.