Hong Kong citizens can directly use securities accounts to purchase spot BTC and ETH, without opening an account on a trading platform! So simple and crude! Securities funds are directly imported into the crypto market!
Such a great positive news can't withstand the tension between Israel and Iran, a small country in the sky, and the expectation of a US interest rate cut. The market continues to fall. This is a bit wrong. Bitcoin will be halved in a few days. Is it really going to be a bad show? So boring? The bull market is the top of 73,000? There is no more drama? What do you think?
It feels like the strength of the fall of the altcoin this time is not as severe as the previous two times. In fact, the altcoin has fallen a little early and has not recovered yet. Basically, the price is now at the stage of 20,000 to 30,000 yuan. If it plummets again, there will be nothing left. Is this really a bull market without altcoin season?
Related news:
On April 16, according to TVB News, the Hong Kong Securities and Futures Commission approved at least three fund companies to cooperate with licensed trading platforms to allow citizens to purchase spot Bitcoin and Ethereum with securities accounts. Currently, if investors want to buy virtual currencies, they need to open an account on a virtual currency trading platform.
Several fund companies announced that they have been granted licenses by the Hong Kong Securities and Futures Commission and have cooperated with two licensed trading platforms on the market to launch virtual asset fund products, which means that citizens can directly use their securities accounts to buy spot Bitcoin and Ethereum without opening an account on the trading platform. Some industry insiders believe that the measures will help promote the development of virtual asset transactions and increase tax revenue.
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