🇭🇰 Urgent: Hong Kong showcases virtual asset derivatives for professional investors! 📈
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🔍 Regulatory Review:
Paul Chan, the Financial Secretary of Hong Kong, stated that the Securities and Futures Commission (SFC) is currently reviewing virtual asset derivatives intended for professional investors.
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💡 Initial Focus:
The review and licensing will begin with Bitcoin (BTC) and Ethereum (ETH) perpetual contracts, marking an important step towards expanding regulated crypto products.
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📌 Significance:
This move reinforces Hong Kong's position as a leading hub for digital assets in Asia, demonstrating its commitment to providing a regulated and secure environment for institutional investors seeking exposure to crypto.
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🤔 Do you think this expansion of derivative products will enhance the liquidity of the cryptocurrency market in Hong Kong?
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