The Securities and Futures Commission (SFC) of Hong Kong has signaled a major expansion of its regulatory framework for virtual assets, moving to permit margin financing and the trading of perpetual contracts on licensed platforms. This initiative represents a significant evolution in the city’s digital asset policy, which has previously focused primarily on spot market transactions for retail and professional investors. By introducing regulated leverage and derivative products, Hong Kong aims to enhance market liquidity and cater to the growing demand for sophisticated financial instruments among institutional participants. Under the proposed guidelines, licensed virtual asset trading platforms (VATPs) will be required to implement robust risk management systems, including stringent collateral requirements and clear disclosure protocols, to mitigate the volatility associated with leveraged products. This regulatory pivot is seen as a strategic move to solidify Hong Kong’s status as a global Web3 and fintech hub, balancing financial innovation with the SFC’s ongoing commitment to investor protection and market integrity.
Source: Hong Kong expands crypto rules to allow margin financing and perpetual contracts
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