Hong Kong’s Securities and Futures Commission said cryptocurrency transactions conducted by ETFs must occur through SFC-licensed crypto platforms or authorized financial institutions.
Hong Kong is getting ready to welcome spot crypto ETFs, as its financial regulator announced on Dec. 22 that it is prepared to receive their applications.
In a collaborative announcement today, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority, the city’s de facto central bank, stated that both organizations have reviewed their current policy for intermediaries involved in virtual asset-related activities.
The SFC expressed readiness to receive applications for the authorization of various funds, including Virtual Asset Spot exchange-traded funds (VA Spot ETFs), alongside the existing crypto futures ETFs.
