A lawmaker in Hong Kong is calling for swift action from the government following the approval of spot bitcoin exchange-traded funds (ETFs) in the United States. Johnny Ng, a member of the Hong Kong Legislative Council, wrote in a post on X that Hong Kong should take the lead in the crypto space and foster innovation. He believes that Hong Kong has the opportunity to solidify its position as a global hub for virtual assets by implementing relevant policies and products in Asia. In December, the Securities and Futures Commission and the Hong Kong Monetary Authority announced that they had reviewed their policies on spot crypto ETFs, and 10 fund managers are now considering launching such funds in the city. Ng also urged the Hong Kong government to prioritize crypto education to increase public awareness and reduce opportunities for fraudulent activities involving virtual assets.
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Hong Kong lawmaker calls for swift action following US spot bitcoin ETF greenlight
