Hong Kong is considering lifting a ban on retail traders trading cryptocurrencies in a bid to develop the city into a digital asset hub. The SFC will start a public consultation on the appropriate extent to which retail investors can trade virtual assets. The SFC also released a policy statement on Monday covering possible regulatory rules for virtual asset exchange-traded funds hosted on the Hong Kong exchange. For so-called complex products, the SFC has specific guidelines. It defines complex products as those that are unlikely to be understood by retail investors. These products are subject to stricter regulation.
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