CFTC Looks To Regulate Crypto Futures, Permits VanEck To Launch Bitcoin ETF
looking to establish a regulatory framework to allow crypto futures ETFs, according to a report by Bloomberg. The city has been in the news lately because of its attempts to build a crypto market.
Last month, Hong Kong Securities and Investment Institute (HSI) published a white paper on the subject of cryptocurrency futures. It suggested that the Hong Kong’s regulators could allow trading in bitcoin and other cryptocurrencies through exchanges and platforms that are authorized by the Hong Kong Monetary Authority (HKMA). This move would help the local market become more liquid, as well as boost adoption of digital assets.
As reported by Bloomberg, HSI Vice-Chairman David Webb said his agency was ‘actively looking’ for ways to allow crypto futures ETFs in Hong Kong and would work with market participants on how this could be done ‘in an orderly manner.
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