The exchange of cryptocurrency based in Hong Kong has received regulatory approval to offer picket services, a move that It could significantly expand the charm of trial investments (POS) as a spot Ether Exchange Trads (ETF) among institutional investors.
THE The announcement arrived on April 10thWhen Hashkey revealed that he had obtained the authorization from the Hong Kong Securities and Futures Commission (SFC) to provide picket services.
This followed new Regulatory guide issued by the SFC to the trading platforms of authorized virtual resources (VATP) and authorized funds on how to implement the picket in a compliant framework.
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The hashkey becomes one of the first regulatory exchanges of Hong Kong to offer picket
Hashkey said that it is now “one of the first” exchanges regulated to Hong Kong to offer these services.
The SFC decision was also supported by the China Securities Regulatory Commission (CSRC), which recognized the advantages of the security picket of the Blockchain network and to offer investors regulated income opportunities by their digital activities.
“Investors will soon be able to hold Ethe Eths for the exhibition, but also to earn top rewards directly through our platform,” said the CEO of Hashkey Terence Hu in a statement translated by Asian Media Media Outlet Panews.
πππ¬π‘πππ² ππ±ππ‘ππ§π π ππ±ππ‘ππ§π π ππ±ππ‘ππ§π π ππ±ππ‘ππ§π π ππ±ππ‘ππ§π π ππ±ππ‘ππ§π π ππ±ππ‘ππ§π π ππ±ππ‘ππ§π π ππ±ππ‘ππ§π π ππ±ππ‘ππ§π π @Hashkeygroup π‘ππ¬ ππππ§ ππ©π©π«π¨π―ππ ππ¬ ππ¬ π¨π§π ππ¨π§π ππ¨π§π ππ¨π§π ππ¨π§π π₯π’πππ§π¬ππ π₯π’πππ§π¬ππ ππ«πππ’π§π ππ¨ π¨ππππ« π¬ππ«π―π’πππ¬ π¬ππ«π―π’πππ¬ π¬ππ«π―π’πππ¬.
– Hashkey Group (@hashkeygroup) April 10, 2025
… Hong Kong approved his first Bitcoin Etf Ether Ethers in April last year, allowing institutional investors to access digital activities through subscriptions in nature.
With this last development, the city strengthens its global hub position for regulated cryptocurrencies allowing ETF investors to earn passive returnsβsomething Currently not allowed in the United States
While the Commission for US securities and exchanges approved the ETE ether Etf Spots in 2024, he stopped short -sighted to allow picket mechanisms. The observers of the sector believe that it could soon change.
With a presidency of the century in favor of the Crypto now underway under the administration of President Donald Trump, expectations are increasing that the spicting services will be allowed in the ETF based in the United States.
According to the ETF analyst of Bloomberg James Seyffart, the approval of the United States for the location of the components in the ETFs could already arrive in May, potentially leveling the playing field with the regulatory progress of Hong Kong.
Tons of people who ask me for the timing of approval of the Etf Ethereum. It is possible that they can be approved for putting it on tip early, but the final deadline is at the end of October.
The potential intermediate deadlines before the final approval (or denial) are at the end of May and late August https://t.co/ekpfc65irf
– James Seyffart (@jseyff) April 9, 2025
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Hong Kong grants cryptographic licenses to Panthertrade and Yax, increasing the total to nine
At the beginning of this year, the SFC operational licenses issued Crypto exchanges Panthertrade and Yax. This brings the total number of trading platforms of authorized virtual activities (VATPS) to nine since the regulatory framework was launched in the middle of 2024.
The initial goal of the SFC was to approve 11 platforms by the end of 2024. However, the delays pushed the target at the beginning of 2025. Six additional candidates, including Whalefin markets and the technologies of flying hippos, remain in the revision phase.
The license regime aims to enforce severe standards of conformity relating to the protection of investors, computer security and operational integrity, while Hong Kong tries to compete with faster jurisdictions such as Singapore.
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- Hashkey became one of the first exchanges regulated to Hong Kong to offer picketing services following SFC approval.
- The move could increase the institutional interest in POS activities such as ETFS Ether allowing passive performance opportunities.
- With Hong Kong leading to the top regulations, the approval of the United States for similar ETF features can already arrive in May.
The Hashkey Post wins Hong Kong approval to offer pickets and increasing the appeal in POS appeared first out of 99 bitcoins.