کیا کرپٹو اب صرف پیشہ ور افراد کے لیے ہے؟ HK سرمایہ کاروں کو اندازہ لگا رہا ہے۔

کیا کرپٹو اب صرف پیشہ ور افراد کے لیے ہے؟ HK سرمایہ کاروں کو اندازہ لگا رہا ہے۔

ٹائم سٹیمپ: 23 اکتوبر 2023 صبح 4:18 بجے
Is Crypto Now for Pros Only? HK Leaves Investors Guessing PlatoBlockchain Data Intelligence. Vertical Search. Ai.

۔
Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority
(HKMA) are responding to the changing landscape of virtual assets (VAs). The
regulators have updated their policies with increasing inquiries from intermediaries
about distributing crypto-related products and services.

سے
reading of the latest circular, it appears that cryptocurrencies are “complex products” that should be available only to professional
investors, while others should undergo appropriate training to trade them.
However, the problem is that such products’ definitions are quite vague.

2018 میں
the SFC’s initial approach towards virtual assets included restrictions aimed
primarily at “professional investors.” However, the rise of virtual
assets in mainstream finance has prompted a review. The SFC now permits
SFC-licensed virtual asset trading platforms to cater to retail investors and
has greenlit virtual asset futures exchange-traded funds for public offering in
ہانگ کانگ

تازہ ترین
policy focuses on intermediaries wishing to engage in virtual asset activities,
reflecting the latest market trends. This revised guideline will replace the
joint circular from 28 January 2022 on the same subject.

کے باوجود
growing global interest in virtual assets, the regulatory landscape remains
متضاد The SFC has identified risks, like potential market manipulation
and lack of pricing transparency, which retail investors may not readily
understand. Consequently, intermediaries must comply with SFC’s requirements,
especially when dealing with complex products.

کو ذہن میں رکھتے
these risks, the SFC and the ایچ کے ایم اے۔ have proposed additional investor protection
measures. These include selling restrictions, ensuring that only professional
investors can access certain complex products, and a virtual asset-knowledge
test for clients.

In
practice, at least a few issues arise.

Mixed Signal from SFC and
ایچ کے ایم اے۔

ریگولیٹری۔
explanation of what constitutes “complexity” is rather ambiguous. For
example, the authors suggest that a foreign VA non-derivative ETF would most
likely be categorized as a complex product, suitable only for professional
investors. Conversely, certain VA derivatives listed on approved exchanges
could still be made available to the general public.

۔
guidelines also introduce fresh regulations for asset management firms dealing
in crypto assets and cryptocurrency consultants. The Hong Kong authorities
appear to be sending conflicting messages. For example, advisors must assess an
اثاثہ لچکدار and presence on multiple indices before recommending it.

یہ ہوسکتا ہے
also have implications for the crypto مارکیٹنگ sector, as the guidelines don’t
explicitly address advertising standards for cryptocurrencies.

۔
Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority
(HKMA) are responding to the changing landscape of virtual assets (VAs). The
regulators have updated their policies with increasing inquiries from intermediaries
about distributing crypto-related products and services.

سے
reading of the latest circular, it appears that cryptocurrencies are “complex products” that should be available only to professional
investors, while others should undergo appropriate training to trade them.
However, the problem is that such products’ definitions are quite vague.

2018 میں
the SFC’s initial approach towards virtual assets included restrictions aimed
primarily at “professional investors.” However, the rise of virtual
assets in mainstream finance has prompted a review. The SFC now permits
SFC-licensed virtual asset trading platforms to cater to retail investors and
has greenlit virtual asset futures exchange-traded funds for public offering in
ہانگ کانگ

تازہ ترین
policy focuses on intermediaries wishing to engage in virtual asset activities,
reflecting the latest market trends. This revised guideline will replace the
joint circular from 28 January 2022 on the same subject.

کے باوجود
growing global interest in virtual assets, the regulatory landscape remains
متضاد The SFC has identified risks, like potential market manipulation
and lack of pricing transparency, which retail investors may not readily
understand. Consequently, intermediaries must comply with SFC’s requirements,
especially when dealing with complex products.

کو ذہن میں رکھتے
these risks, the SFC and the ایچ کے ایم اے۔ have proposed additional investor protection
measures. These include selling restrictions, ensuring that only professional
investors can access certain complex products, and a virtual asset-knowledge
test for clients.

In
practice, at least a few issues arise.

Mixed Signal from SFC and
ایچ کے ایم اے۔

ریگولیٹری۔
explanation of what constitutes “complexity” is rather ambiguous. For
example, the authors suggest that a foreign VA non-derivative ETF would most
likely be categorized as a complex product, suitable only for professional
investors. Conversely, certain VA derivatives listed on approved exchanges
could still be made available to the general public.

۔
guidelines also introduce fresh regulations for asset management firms dealing
in crypto assets and cryptocurrency consultants. The Hong Kong authorities
appear to be sending conflicting messages. For example, advisors must assess an
اثاثہ لچکدار and presence on multiple indices before recommending it.

یہ ہوسکتا ہے
also have implications for the crypto مارکیٹنگ sector, as the guidelines don’t
explicitly address advertising standards for cryptocurrencies.

ٹائم اسٹیمپ:

سے زیادہ فنانس Magnates