Hong Kong SFC CEO Julia Leung announces framework for perpetuals and BTC/ETH financing

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Hong Kong SFC CEO Julia Leung announced that brokers can now offer a framework for perpetual contracts backed by Bitcoin ($BTC) and Ethereum ($ETH), as well as receiving approvals for platforms to operate independent market-making units. This move is part of Hong Kong’s ongoing efforts to advance its virtual asset framework, allowing licensed brokers to engage in derivative products amid increasing regional adoption of cryptocurrency. The regulation aims to enhance market structure and improve liquidity within the crypto market.

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