SFC Introduces Initiatives to Boost Digital Asset Trading
Hong Kong’s securities regulator has launched two new buying and selling initiatives to additional drive the town’s digital asset market.
Hong Kong’s Securities and Futures Fee (SFC) has launched buying and selling initiatives centered on digital property, in accordance to a press release.
First, it is going to permit licensed digital asset brokers to provide margin financing to shoppers with sturdy credit score profiles, making use of present guidelines for securities margin financing whereas including safeguards reminiscent of limiting collateral to Bitcoin and Ethereum. Second, a high-level framework for crypto perpetual contracts will probably be rolled out with entry restricted to skilled traders.
«Our structured growth strategy based mostly on the ASPIRe Roadmap is crucial to scaling our digital asset market,» mentioned Eric Yip, SFC’s govt director of intermediaries. «These focused initiatives to improve liquidity showcase the SFC’s loyal dedication to growing Hong Kong’s digital asset market in a sustainable and collaborative method.»
