Report via coindesk:
Hong Kong financial regulators have published new guidance for intermediaries looking to offer virtual asset-linked products like exchange-traded funds (ETF) to investors. The new rules single out products like spot ETFs that track the current price of assets such as bitcoin and allow immediate buying or selling.
My thoughts:
A lot of countries are starting to accept bitcoin openly but some are also starting to regulate crypto since it really do involve large sum of money - a lot of people are also getting scammed thus, regulators are stsrting to impose these regulations to lessen those types of events.
But, not everyone is open to crypto - some started to ban it completely and others are also starting to think about making crypto illegal.
