<p>One of the Four Asian Tigers, Hong Kong, is now <a href=”https://www.financemagnates.com/cryptocurrency/hong-kong-set-to-legalize-crypto/” target=”_blank”>set to allow crypto investments</a> to retail and institutional investors and has unveiled plans for regulations.</p><p>The Securities and Futures Commission (SFC) confirmed its intentions to launch a consultation paper with proposed guidelines and regulatory rules for cryptocurrencies or, as officially called, virtual assets (VA).</p><p>The regulator is further considering allowing retail access to virtual assets through exchange-traded funds. Despite the industry push, such ETFs are yet to receive approval in the United States. However, several European countries have </p><p><a href=”</p>
This article was written by Arnab Shome at www.financemagnates.com.
