Hong Kong Prepares for Virtual Asset Spot ETFs
As of now, the SFC has not approved any virtual asset spot ETFs, and the industry requires time for preparations.
AlexAs of now, the SFC has not approved any virtual asset spot ETFs, and the industry requires time for preparations.
AlexThe Hong Kong Securities and Futures Commission announced that it is ready to accept applications for recognition of virtual asset spot ETFs and other funds, making Hong Kong expected to become the first market in Asia to accept the listing of virtual asset spot ETFs such as Bitcoin and Ethereum.
JinseFinanceRipple marks a significant win as its Irish subsidiary, Ripple Markets Ireland Limited, receives registration as a Virtual Asset Service Provider (VASP) from the Central Bank of Ireland. This approval allows Ripple Markets to offer specific digital asset services within Ireland, signifying a crucial milestone in Ripple's strategic expansion plan.
JoyThe FSC will purportedly provide policy support, encouraging periodic capability evaluations for companies to enhance their anti-money laundering measures.
BrianCrypto.com, the global cryptocurrency platform, has received a Virtual Assets Service Provider (VASP) Licence for specific virtual asset services from Dubai's Virtual Assets Regulatory Authority (VARA). This milestone underscores the company's commitment to regulatory compliance and cross-border risk assurance.
JoyAt this year's Hong Kong Fintech Week, the Hong Kong Special Administrative Region Government issued the "Policy Declaration on the Development of Virtual Assets in Hong Kong" (hereinafter referred to as the Policy Declaration), expounding its policy stance and guidelines for the development of the virtual asset industry and ecosystem.
CointelegraphHong Kong has made up its mind to compete with Singapore, London, New York and other cities for the status of global encrypted financial center and virtual asset center.
JinseFinanceAs the popularity of crypto assets increases, adoption is becoming wider. Several individuals and businesses are joining the moving train ...
BitcoinistCrypto exchange Binance has signed similar agreements with governments in Kazakhstan, Dubai and Bermuda.
Cointelegraph