In January, the SFC tightened regulations by restricting retail investors from accessing crypto spot ETFs, limiting them to professional investors with portfolios of at least 8 million HKD ($1 Million). Then, in October, the SFC updated its rule book to allow a broader range of investors to engage in spot-crypto and ETF investing, stipulating that they pass a knowledge test and meet net worth – though less than the professional investor threshold – requirements.
Moving from CFDs to Spot Crypto Is Not Just a Tooling Exercise
“Some of the hurdles have been tackling the challenge of the need to move at pace while we have a...
