UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg

In the days few days, Hong Kong has moved towards allowing retail investors to buy spot crypto Exchange Traded Lollies (ETFs) and primary dealing of tokenization. The move appears to be another step in Hong Kong’s recently accelerated cravings to become a virtual asset hub. It implemented a new regulatory regime in June, accepting applications for crypto trading platform permits, and granted the first set in August, allowing exchanges to serve retail customers.