SFC Introduces Initiatives to Boost Digital Asset Trading
Hong Kong’s securities regulator has launched two new trading initiatives to further drive the city’s digital asset market.
Hong Kong’s Securities and Futures Commission (SFC) has launched trading initiatives focused on digital assets, according to a statement.
First, it will allow licensed virtual asset brokers to offer margin financing to clients with strong credit profiles, applying existing rules for securities margin financing while adding safeguards such as limiting collateral to Bitcoin and Ethereum. Second, a high-level framework for crypto perpetual contracts will be rolled out with access restricted to professional investors.
«Our structured development approach based on the ASPIRe Roadmap is essential to scaling our digital asset market,» said Eric Yip, SFC’s executive director of intermediaries. «These targeted initiatives to enhance liquidity showcase the SFC’s unswerving commitment to developing Hong Kong’s digital asset market in a sustainable and collaborative manner.»
