- Hong Kong Greenlighted Licensed Platforms to enable crypto deployment services.
- The US also considered the same under the SEC from the Trump era.
On April 7, the Market Regulator of Hong Kong, the Securities and Futures Commission (SFC), issued regulatory guidelines on Crypto institution between recognized virtual assets trade platforms (VATPs).
Part of the statement read”
“The SFC has now been drawn up to enable Batps to provide emotion services to customers by changing the conditions imposed on the VATP license to meet the demand of investors and to support the development of the virtual asset system in Hong Kong.”
However, The BATPs must protect user assets, make risks effectively and minimize errors in their deployment services.
Will the US embrace crypto deployment?
For the unknown, the use of delegating your digital assets for lock-up to secure the network (proof-of-stake systems such as Solana) and earning rewards.
The movement of Hong Kong (HK) would mark a shift to acknowledge the products and could pave the way ETF – Like ETH ETF. Investors in HK-based or American spot ETF products are currently missing an additional 3% annual deployment yield.
However, the new sec in the Trump is execution Public participation in crypto inserts, tokenization and other related activities. In fact, various US spot ETH ETF -emission have submitted to the regulator who is looking for approval for turning off on the products.
That said, some of the best Ethereum ecosystem leaders are convinced that such approval would help improve the story of ETH. According to institutionally focused Etheralealealized founder Vivek Ramani, recently noted”
“Can open more money, it can open a differentiated story about Ethereum.”
ETH has left with Bitcoin and Solana, and such an update can be welcomed by investors. However, it is still to be seen how quickly the US will give comparable guidelines and to overtake their counterparts in Hong Kong.
