HSBC clients in Hong Kong can now buy Bitcoin (BTC) and Ethereum (ETH) futures ETFs, according to a cryptocurrency reporter colin wu.
wu wrote:
“The move will broaden local users’ exposure to cryptocurrencies in Hong Kong.“
NowIn the region, cryptocurrency ETFs such as CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF are listed.
Tied to the launch is HSBC Virtual Asset Investor Education Centre, whose objective is to educate clients on the various risks associated with cryptocurrencies. Users who want to buy crypto ETFs through the platform must read and “confirm the educational materials” before investing.
Hong Kong has increasingly positioned itself as a crypto-friendly jurisdiction of late. Several initiatives aim to encourage the participation of digital assets, including the establishment of an exchange licensing system, funding for the development of web3, and regulatory calls for banks to treat crypto clients fairly.
In addition, city officials saying they are committed to introducing stablecoin legislation by 2024. Treasury and Financial Services Secretary Christopher Hui Ching-yu commented that a “holistic and predictable” approach would be taken.
CryptoSlate reached out to HSBC Hong Kong for further comment and did not respond by press time.
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