Hong Kong virtual asset spot ETF has been listed for more than a month, but there is still no Hong Kong bank distribution
2024-06-11 10:07:19
On June 11, it was reported that virtual asset spot ETFs in Hong Kong have been listed for more than a month, but no banks have yet put them on the shelves. Chris Barford, head of data and analysis at Ernest & Young Hong Kong Financial Services Consulting, said that traditional banks are concerned about anti-money laundering and know-your-customer (KYC) regulatory risks, and lack relevant technical personnel, so they are more cautious about participating in distribution products. He also pointed out that for traditional Financial Institution Groups, virtual currencies are mostly speculative, and related basic technology applications are more interesting areas.
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