Hong Kong’s ETF issuers are not concerned about what US regulators decide to do with the status of Ethereum as a security.
Hong Kong already has a clear definition of Ethereum and it is not a security, said OSL Digital Securities head Wayne Huang.
Speaking at a press conference on April 29 on the eve of the launch of spot crypto ETFs in Hong Kong, the head of digital asset management firm China Asset Management, Zhu Haokang, and the head of custody firm OSL Digital Securities, Wayne Huang, answered questions on the new institutional investment products.
“Probably not, because whether the United States defines Ethereum as a security does not affect the independent decision-making of the Hong Kong Securities Regulatory Commission.” “It will not be affected by different opinions between various departments in the United States, or ultimately their own unilateral definition,” he continued.
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