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Hong Kong’s Securities and Futures Commission (SFC) plans to introduce virtual asset derivatives trading for professional investors, aiming to boost the city’s competitiveness in the global digital asset market. The move includes tax concessions to attract international fintech firms and follows recent approvals for staking services and crypto ETFs.
- Hong Kong's SFC plans to introduce virtual asset derivatives trading exclusively for professional investors to enhance market competitiveness.
- Virtual assets will qualify for tax concessions, aiming to attract international fintech companies to establish operations in Hong Kong.
- The SFC has already approved staking services and crypto ETFs, with global virtual asset trading volumes estimated at $70 trillion annually.
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