Hong Kong's Securities and Futures Commission (SFC) is set to allow trading of crypto derivatives for professional investors. This initiative aims to enhance Hong Kong's position in the global digital asset market, where annual trading volumes exceed $70 trillion. The SFC plans to ensure that trades are conducted securely and transparently as part of its broader objective to expand the range of available virtual asset products. Additionally, virtual assets will be eligible for tax concessions to attract major international fintech companies, further cementing the city's competitiveness. The recent approval of staking services and virtual asset ETFs also reflects this strategy. Treasury Chief Christopher Hui emphasized the need for a well-regulated market that supports both local and international investors by facilitating risk transfers and enhancing liquidity. Overall, this move is anticipated to invigorate Hong Kong's fintech landscape, integrating traditional finance with innovative technologies while prioritizing security and operational flexibility.

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