In January, the SFC tightened regulations by restricting retail investors from accessing crypto spot ETFs, limiting them to professional investors with portfolios of at least 8 million HKD ($1 Million). Then, in October, the SFC updated its rule book to allow a broader range of investors to engage in spot-crypto and ETF investing, stipulating that they pass a knowledge test and meet net worth – though less than the professional investor threshold – requirements.
Source: https://www.coindesk.com/policy/2023/11/06/hong-kong-now-considering-spot-crypto-etfs-for-retail-investors-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines