SFC Hong Kong will hold public consultations on retail trade cryptocurrencies and ETF – Bits Media

Hong Kong Securities and Futures Commission (SFC) plans to hold public consultations about that, how best to provide retail investors with access to digital assets.

Now access to cryptocurrencies for users, having less 8 million Hong Kong dollars ($1 million), limited.

Hong Kong authorities are more focused on the regulation of ownership of tokenized assets and smart contracts, as well as several pilot projects, who try to take the technical advantages of digital assets and apply them in the traditional financial sphere.

During public consultations, SFC will study the possibility of launching cryptocurrency exchange funds (ETF) In the region. Moreover, SFC is ready to accept applications for the authorization of Futures ETF, digital assets.

“With the help of consultations, the securities and futures commission will be able to determine, How retail investors can be provided with a suitable degree of access to digital assets ", - says in the statement.

The Hong Kong government also reported, which intends to actively cooperate with financial regulators, to create favorable conditions for the stable development of the cryptocurrency industry in the state.

Earlier, Hong Kong authorities officially announced the support of projects, working in the field of virtual assets.