Category: general

Hong Kong SFC Allows Wider Crypto Asset Access to Investors

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The post Hong Kong SFC Allows Wider Crypto Asset Access to Investors appeared com. Key Points: Hong Kong SFC expands asset offerings to VATPs for professional investors. Enables listing of non-traditional track record assets. Enhances Hong Kong’s standing as a crypto hub. The Hong Kong Securities and Futures Commission now allows virtual asset platforms to offer digital assets without a 12-month record to professional investors and licensed stablecoins in Hong Kong. These regulatory updates enhance Hong Kong’s crypto landscape, attracting institutional investors and widening digital asset offerings without previous time constraints, fostering international trading potential. Hong Kong SFC Opens Door to Diverse Crypto Assets The Hong Kong Securities and Futures Commission (SFC) has broadened its rules, allowing VATPs to offer virtual assets-even without a 12-month trading track record-to professional investors. This regulatory adjustment permits the inclusion of stablecoins licensed by the Hong Kong Monetary Authority, expanding the scope of digital offerings. The SFC aims to attract global platforms and institutional investors to strengthen Hong Kong’s position in the crypto market. The crypto community has largely praised this move, noting the potential for increased market liquidity and global investor interest. While there are no notable public comments from key figures, industry stakeholders anticipate that the changes could positively transform Hong Kong’s digital asset landscape by facilitating international collaborations and deepening market engagement. “The SFC welcomes major international virtual asset platforms to establish operations in Hong Kong and tap into their global order books under appropriate compliance standards. This integration will enable local investors to access global markets while attracting institutional liquidity to trade in Hong Kong, fostering a deeper and more liquid market.” Hong Kong Securities and Futures Commission (SFC), SFC official guidance Market Experts Foresee Competitive Boost for Hong Kong Did you know? Hong Kong’s move aligns with previous strategies that included the introduction of Asia’s first spot virtual asset ETFs, contributing to.

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GBP/JPY steadies near mid-202.00s; upside potential seems limited

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The post GBP/JPY steadies near mid-202. 00s; upside potential seems limited appeared com. The GBP/JPY cross attracts some buyers near the 202. 30-202. 25 area during the Asian session on Monday, though it lacks follow-through. Spot prices remain confined in Friday’s broader range and currently trade around mid-202. 00s, nearly unchanged for the day amid relatively thin liquidity on the back of a holiday in Japan. The Japanese Yen (JPY) continues to be undermined by the Bank of Japan (BoJ) rate hike uncertainty and turns out to be a key factor acting as a tailwind for the GBP/JPY cross. Investors seem convinced that the BoJ could resist further policy tightening amid speculations that Japan’s Prime Minister Sanae Takaichi will pursue aggressive fiscal spending plans. Moreover, BoJ Governor Kazuo Ueda said last week that there are no preset ideas about the timing of the next rate hike. This, along with the underlying bullish sentiment across the global financial markets, keeps the safe-haven JPY depressed at the start of a new week. Any meaningful JPY depreciation, however, seems limited in the wake of fears that government authorities could intervene to stem further weakness in the domestic currency. Apart from this, concerns about the UK’s fiscal situation ahead of Finance Minister Rachel Reeves’ Autumn budget on November 26 might hold back traders from placing aggressive bullish bets around the British Pound (GBP). This, along with expectations for more rate cuts by the Bank of England (BoE), contributes to capping the GBP/JPY cross, warranting some caution before positioning for a further upside ahead of the key central bank event risk. The BoE is scheduled to announce its policy decision on Thursday amid a 1-in-3 chance of a 25 bps rate cut and a roughly 68% probability of a rate reduction by the year-end. Softer inflation and fiscal headwinds provide a greater scope to ease policy. Moreover, a further softening in.

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House Oversight Committee Deem Biden’s Pardons VOID

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Former President Joe Biden’s likeliness and name was forged by unelected White House staffers. His administration knew the extent of his mental decline and assumed the role of Commander-in-Chief to the bafflement of society. Aside from Hunter Biden, Joe Biden did not directly grant pardons to the 4, 245 criminals who were released onto the streets [.].

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Commanders’ Jayden Daniels suffers gruesome arm injury in blowout vs Seahawks

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Washington Commanders star quarterback Jayden Daniels suffered what appears to be an upper-body injury late in Sunday night’s game against the Seattle Seahawks. With the Commanders already behind big against Sam Darnold and company, Washington absorbed a major blow on the injury front, with Daniels going down. “Commanders QB Jayden Daniels is walking off the [.] The post Commanders’ Jayden Daniels suffers gruesome arm injury in blowout vs Seahawks appeared first on ClutchPoints.

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