Hong Kong’s SFC is compiling a list of crypto assets.
Whitelisted cryptocurrencies are those with substantial liquidity and considered safe.
With a slew of new digital asset rules slated to go into effect this year. Regulators in Hong Kong will soon select which crypto tokens its people may invest in. This is the most recent crypto regulatory action taken by Hong Kong, a market with deep roots in the trade of digital assets.
According to a Reuters report, Hong Kong’s Securities and Futures Commission (SFC) is compiling a list of crypto assets that will be available to retail traders. Whitelisted cryptocurrencies, according to SFC’s new chief executive Julia Leung Fung-yee. Are those with substantial liquidity that are also considered safe for retail investors. This was said by Leung on a panel at the Asian Financial Forum in Hong Kong on January 11.
Stringent Regulatory Effort
Moreover, Leung elaborated by saying the SFC would consult with the public on restrictions for retail cr
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