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Hong Kong’s Securities and Futures Commission said Wednesday it will allow licensed brokers to provide virtual asset margin financing and outlined a framework for trading platforms to offer perpetual contracts to professional investors.
Under the new guidance, brokers may extend virtual asset financing to securities margin clients with sufficient collateral and strong credit profiles. Initially, only Bitcoin (BTC) and Ether (ETH) will be eligible as collateral.
The regulator also set out a high-level…
