Hong Kong VACs Cryptic Index Decoded: Unveiling the Essentials

By Lola Coin Jun 27, 202364Views

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The Hong Kong Virtual Asset Classification (HKVAC) has released its long-awaited virtual asset index, which includes major cryptocurrencies like Bitcoin and Ethereum, as well as stablecoins and altcoins. However, the inclusion of certain tokens has sparked intense debate within the Hong Kong crypto community. The index features a wide array of tokens and is supported by prominent entities and individuals, including Hong Kong legislators and exchanges Huobi and KuCoin. Controversy surrounds the index due to the inclusion of platform tokens, privacy tokens, and tokens labeled as securities by the US Securities and Exchange Commission (SEC). Critics argue that this diminishes the reference value of the index. The judging criteria for inclusion in the index are based on market capitalization, and the index meets the requirement set by the Securities and Futures Commission (SFC) of Hong Kong.

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