Amitoj Singh is CoinDesk's regulatory reporter covering India. He holds BTC and ETH below CoinDesk's disclosure threshold of $1,000.
Hong Kong is set to allow primary dealing of tokenization by providing more guidance on tokenized securities-related activities, the Securities and Futures Commission
The move appears to be another step in Hong Kong’s recently accelerated ambitions to become a virtual asset hub. It implemented a new regulatory regime in June, accepting applications for crypto trading platform licenses, and granted the first set in August, allowing exchanges to serve retail customers.
“SFC has been assessing various proposals on tokenization of SFC-authorised investment products, for example, some for primary dealing of a tokenized product and some for secondary trading of a tokenized product on an SFC-licensed virtual asset trading platform,” the SFC said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japanese stocks rise for third session as Hong Kong stocks gainSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Read more »
Hong Kong central bank leaves interest rate unchanged, tracking Fed moveHong Kong central bank leaves interest rate unchanged, tracking Fed move
Read more »
Hong Kong central bank leaves interest rate unchanged, tracking Fed moveThe Hong Kong Monetary Authority (HKMA) on Thursday left its base rate charged through the overnight discount window unchanged at 5.75%, tracking a move by the U.S. Federal Reserve to keep rates steady.
Read more »
JPEX scandal won’t hurt Hong Kong crypto vision: Financial SecretaryHong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, told attendees at HK Fintech Week that the JPEX scandal won’t stifle its crypto plans.
Read more »
Hong Kong plans to target tokenization with new regulatory requirements, officials sayFinancial officials said today at the Hong Kong Fintech Week that regulators may soon issue circulars on tokenization to ensure customer protection.
Read more »
Hong Kong sets out requirements for asset tokenization in light of ‘market demand’The securities regulator intends to oversee intermediaries for tokenized securities and the tokenization of investment products.
Read more »