Hong Kong regulators seek to accelerate Bitcoin ETF approvals. Thailand handing out billions, Chinese bank’s blockchain patent: Asia Express.
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Hong Kong Legislative Council Member Johnny Ng wants the Special Administrative Region (SAR) of China to accelerate the approval of local Bitcoin Spot ETFs following in the footsteps of the U.S. this week. Ng noted the Securities & Futures Commission (SFC) had previously stated it was ready to accept applications for Bitcoin ETFs:
“I hope that with the rapid development and high competition of virtual assets, Hong Kong can seize a seat in the world as soon as possible. This will be the first opportunity to implement relevant policies and products in Asia and consolidate Hong Kong’s opportunity to become a global center for virtual assets.”
