UBS to offer wealthy clients in Hong Kong crypto Futures ETF trading
Swiss multinational investment bank UBS Group is set to allow select clients in Hong Kong to trade in cryptocurrency-linked exchange-traded funds (ETFs). The move matches its competitor HSBC (HKSE: 0005) in exploring the untapped market in the region. UBS’s affluent clients will have the opportunity to invest in three crypto futures ETFs on its platform. […]
Hong Kong’s SFC eyeing crypto accessibility for retail investors: Bloomberg
Hong Kong’s securities watchdog, the Securities and Futures Commission (SFC), is considering proposals to permit retail investors to purchase spot crypto Exchange Traded Funds (ETFs). SFC Chief Executive Officer Julia Leung commented, “We welcome proposals using innovative technology that boosts efficiency and customer experience. We’re happy to give it a try as long as new […]
Hong Kong moves closer to CBDC, meanwhile Hashkey Exchange token launch, and $308M crypto-laundering scheme busted
Hong Kong is advancing towards the launch of a central bank digital currency (CBDC) as Visa, HSBC, and Hang Seng Bank reveal the successful results of phase 1 testing. Meanwhile, HashKey plans to introduce an exchange token in 2024, and a $308M crypto-laundering scheme has been thwarted. The digital Hong Kong dollar (e-HKD) has achieved […]
Hong Kong aims to foster web3 hub with new regulatory measures for tokenization
Hong Kong is set to introduce more policy papers and circulars targeting tokenized assets, stablecoins, and cryptocurrency trading. This move is part of the city’s ongoing efforts to establish a web3 hub in Asia. Christopher Hui, Secretary for Hong Kong’s Financial Services and the Treasury, announced this initiative during the Hong Kong Fintech Week. Hui […]