Hong Kong SFC to proceed with retail crypto ETF authorisation plan
Hong Kong's regulator sees scope for opening up a maturing crypto market to retail investors, but questions remain about whether investors are sufficiently protected.
Hong Kong’s financial regulator is pressing ahead with its plan to open the market for cryptocurrency futures funds to retail investors.
A spokesperson for the Securities and Futures Commission (SFC) told AsianInvestor the regulator is satisfied with its recently introduced rules for crypto fund approval and believes they are sufficient to safeguard investors from substantial losses, despite the bloodbath seen in the wake of the recent FTX scandal.
The FTX cryptocurrency exchang…
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