Hong Kong Considers Allowing Spot Crypto ETFs in Push to Become Leading Digital Asset Hub
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Hong Kong is considering allowing spot cryptocurrency exchange-traded funds (ETFs).
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Hong Kong currently only allows futures-based crypto ETFs.
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Hong Kong rolled out a virtual assets regulatory framework earlier this year as part of its goal to become a leading digital asset hub.
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Reports indicate China supports Hong Kong's plans to allow institutional and retail crypto trading.
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Hong Kong wants banks to offer services to licensed crypto exchanges.