The Hong Kong Securities and Futures Commission (SFC) plans to hold a public consultation on how best to provide retail investors with access to digital assets.
Currently, access to cryptocurrencies for users with less than 8 million Hong Kong dollars ($1 million) in the account is limited.
The Hong Kong authorities are more focused on regulating the ownership of tokenized assets and smart contracts, as well as several pilot projects that are trying to take the technical advantages of digital assets and apply them to the traditional financial sphere.
During a public consultation, the SFC will explore the possibility of launching cryptocurrency exchange-traded funds (ETFs) in the region. Moreover, the SFC is ready to accept applications for authorization of futures ETFs linked to digital assets.
“Through advice, the Securities and Futures Commission will be able to determine how retail investors can be given an appropriate degree of access to digital assets,” the statement said.
The Hong Kong government also announced that it intends to actively cooperate with financial regulators in order to create favorable conditions for the stable development of the cryptocurrency industry in the state.
Earlier, the Hong Kong authorities officially announced their support for projects working in the field of virtual assets.
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