Hong Kong's crypto competitiveness challenge

The US SEC has approved applications for Ether ETFs, neutralising Hong Kong’s brief regulatory advantage, prompting the financial hub to seek new strategies as 11 exchange platforms await regulatory approval.

Christopher Chu

June 11, 2024

The US Securities and Exchange Commission (SEC) approved rule changes on May 23 that paves the way for spot Ether ETFs, in a development which reflects expanding institutional acceptance and regulatory clarity for the world’s second-largest cryptocurrency after Bitcoin.

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