Hong Kong reconsiders stance on tokenised securities and crypto ETFs

Contrasts mainland China

Hong Kong’s financial regulator has said that it is reconsidering the region’s policy towards virtual assets, in sharp contrast to mainland China’s ban on crypto.

Hong Kong's government issued a policy statement on virtual assets today (31 October), stating that the Securities and Futures Commission would be conducting a public consultations on how retail investors may be given access to virtual assets, as well as the possibility of having crypto ETFs on the market. The government's statement added it "is open to future review on property rights for tokenised assets and the legality of smart contracts," standing in sharp contrast to mainland China's ban on all crypto activity last year. Equiduct expands ETP offerings to include crypto and fix...