#اخبار_الكريبتو_العاجلة #عملات_رقمية #اقتصادرقمي #كريبتوا_المنطقة_الذهبية_للعملات_الرقمية #wct $XRP
Hong Kong allows trading of perpetual contracts for cryptocurrencies
Cryptocurrency for institutions, subject to strict oversight.
The use of Bitcoin and Ethereum as collateral for financing brokerage firms has been approved.
Hong Kong plans to become a leading and regulated hub for digital assets. Julia Leung, the CEO of the Securities and Futures Commission, said in a conversation on CoinDesk that the commission will soon publish a high-level regulatory framework allowing licensed trading platforms to offer perpetual contracts linked to cryptocurrencies.
Initially, it is limited to institutional investors.
Under the new framework, perpetual futures allow traders to speculate on prices without an expiration date. Leung says that initially, it will be limited to institutional investors only, and platforms must prove their ability to manage and disclose risks properly. The Securities and Futures Commission will continue to focus on fair market rules for customers.
On the other hand, regulators will allow brokers to fund clients using selected digital assets as collateral. Given the high volatility of cryptocurrency markets, qualification starts with Bitcoin and Ethereum only. Borrowers must meet strict credit standards. Regulators are cautious with more stable and established digital currencies.
The Securities and Futures Commission is also working to improve the functioning of trading platforms that wish to manage market-making operations; they must separate these activities into independent units and maintain clear controls to avoid conflicts of interest. This aims to prevent trading platforms from seeing user trading activity and exploiting this information for profit.
The reason behind this step
The Securities and Futures Commission in Hong Kong seeks to strike a balance between innovation and credibility. The commission aspires to more sophisticated products and broader participation from global institutions. Instead of approving everything at once, the commission is gradually expanding access.
If this step is implemented, Hong Kong will be able to attract hedge funds and trading firms that rely on perpetual contracts, which will increase liquidity in the regulated local markets. However, the regulator's goal is clear: to welcome innovations within a framework that prioritizes transparency and risk management.$JUP
