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 of China to accelerate the approval of local spot Bitcoin ETFs following their approval in the United States this week. Ng noted the Hong Securities and Futures Commission 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.”
