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HashKey Exchange CEO Livio Weng expressed optimism at the Asia Today Summit today, sharing his hopes for the launch of the Hong Kong spot ETF in the first half of 2024.
HashKey Exchange CEO Targets Hong Kong Spot ETF Launch in First Half of 2024
Weng highlighted several challenges the exchange currently faces, including restrictions on overseas customers due to debit card authentication, limited trading to only two available cryptocurrencies for retail investors.
Weng emphasized the importance of offering low-risk leverage instruments that will facilitate hedging for both institutional and private investors and enable them to effectively participate in inter-market arbitrage and risk management.
He underlined the need for collaborative efforts with the Securities and Futures Commission (SFC) to address these challenges.
The CEO acknowledged that HashKey Exchange must work with regulatory bodies such as the SFC to overcome obstacles that hinder the development and diversification of the cryptocurrency market in Hong Kong.
Weng emphasized that resolving issues such as debit card authentication restrictions and expanding the variety of cryptocurrencies available to retail investors are crucial steps towards creating a more vibrant and inclusive market.
However, he also noted that the company is cautious about the evolving regulatory environment.
In light of recent regulatory warnings, Weng urged users to comply with local laws and regulations, emphasizing that the exchange's content is for informational purposes only and does not support or encourage any illegal financial activities.
*This is not investment advice.