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Why Hong Kong's Crypto ETFs Aren't Taking Off During a panel at the Foresight 2024 conference, Gary Tiu, Executive Director and Head of Regulatory Affairs at Hong Kong crypto exchange OSL, highlighted the challenges facing spot ETFs in Hong Kong. Tiu explained that the… https://t.co/WYBJeB9YpT
OSL EXECUTIVE: SYSTEMIC ISSUES HINDER HONG KONG CRYPTO ETFs OSL’s Gary Tiu has highlighted that the structure of Hong Kong’s financial markets, which favors unlisted products and involves many intermediaries, is a key barrier to the growth of crypto ETFs. There is also a… https://t.co/xQh489Izu4
HONG KONG CRYPTO ETFs FACE SYSTEMIC OBSTACLES IN MARKET GROWTH Hong Kong’s crypto ETFs are struggling to gain traction due to the market’s structural issues and an inherent bias against Bitcoin and Ethereum, according to Gary Tiu, an executive at OSL. The market in Hong Kong is… https://t.co/GWEpGo1EcH
Hong Kong is set to enhance its digital asset regulatory framework within the next 18 months as part of its strategy to become a global fintech hub. The city plans to introduce comprehensive regulations, including legislation focused on stablecoins. Meanwhile, Hong Kong's crypto ETFs are facing systemic market obstacles, according to Gary Tiu, Executive Director and Head of Regulatory Affairs at Hong Kong crypto exchange OSL. Tiu noted that the structure of Hong Kong’s financial markets, which favors unlisted products and involves many intermediaries, is a key barrier to the growth of crypto ETFs. Additionally, there is an inherent bias against Bitcoin and Ethereum in the market.