Hong Kong Prepares for Retail Access to Spot Crypto ETFs
Hong Kong’s Securities and Futures Commission (SFC) is getting ready to approve funds that provide direct exposure to digital assets, including spot virtual asset exchange-traded funds (ETFs), according to the South China Morning Post. The SFC and the Hong Kong Monetary Authority, the city’s central bank, issued a joint circular outlining their plans. This move positions Hong Kong as a leader in the global crypto landscape, says Neil Tan of Tsunami Advisors and the Fintech Association of Hong Kong. Spot crypto ETFs allow traditional investors to enter the crypto market.
Southeast Asia Scammers Are Forced to Look for New Markets – And They’re Finding Them
Scam syndicates in Southeast Asia are searching for new victims in countries and regions where people may not be aware of their activities. This includes crypto scammers. According to Troy Gochenour of the Global Anti-Scam Organization, these syndicates have found success in expanding their reach globally. Gochenour claims that they are “truly global” and can target victims from various regions. Southeast Asia’s scam hubs are attracting attention from governments and law enforcement agencies worldwide as scammers expand their operations. Jason Tower of the United States Institute of Peace believes countries will eventually impose their own sanctions. However, Gochenour believes that improved law enforcement training and cooperation is crucial in combating scams.
Bybit Unveils P2P Crypto Trading with Zero Transaction Fees
Bybit has introduced a zero-fee structure for its peer-to-peer (P2P) trading platform. This policy eliminates fees for both buyers and sellers, allowing traders to save more and maximize profits. Bybit’s zero-fee approach applies to all fiat trading pairs on its P2P platform.
Hot Take: Hong Kong Embraces Crypto ETFs, Scammers Find New Targets, and Bybit Offers Zero Transaction Fees
Hong Kong is positioning itself as a global leader in the crypto landscape by preparing to authorize spot crypto ETFs. This move will attract both institutional and retail investors seeking exposure to cryptocurrencies. Meanwhile, scam syndicates in Southeast Asia are expanding their operations to new markets, targeting regions where people may not yet be aware of their activities. Governments and law enforcement agencies worldwide are taking notice and considering imposing sanctions to address this growing threat. In the crypto trading space, Bybit has introduced a P2P platform with zero transaction fees, providing traders with greater savings and profit opportunities. These developments reflect the evolving nature of the crypto industry and its impact on global markets.
By
By
By
By
By