Hong Kong’s SFC, HKMA Say They Will Consider Applications for Spot Crypto ETFs

Hong Kong has been loosening its approach to crypto this year, and the regulators’ opinion on retail exposure to digital assets has shifted. In October, the SFC updated its rule book to allow a broader range of investors to engage in spot-crypto and ETF investing. Then, last month, SFC Chief Executive Officer Julia Leung said the regulator was moving toward allowing retail amidinvestors to buy spot crypto ETFs and would “welcome proposals using innovative technology that boosts efficiency and customer experience” provided any risks were addressed.