Like the U.S., Hong Kong financial regulators are not too keen on letting retail investors trade spot crypto ETFs, new guidelines show. iamsandali reports
Hong Kong’s new rules are designed to protect investors, and include limiting the sale of spot products to professional investors, the circular said. Another requirement requires service providers to test their clients on their knowledge of virtual assets.complex financial instruments
“In the case of virtual asset futures contracts traded on a specified exchange which is a regulated futures market, trading is governed by conventional rules. Pricing transparency and potential market manipulation may be less of a concern,” the circular said, adding that the same applies to futures ETFs.
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