China News Official Today TheBitTimes.com

Hong Kong has allowed retail crypto trading since June. Just 47% of retail crypto investors in Hong Kong are aware of the Virtual Asset Trading Platform Regulatory Regime, a legislation which went into effect this June to protect the interest of retail investors in digital assets in the region. That's according to an October 11 report by the The Investor and Financial Education Council (IFEC) of Hong Kong. In its survey, the IFEC noted that nearly 25% of Hong Kong adults ages 18 to 29 have invested in crypto within the past year, three times the demographic average and a significant increase over 2019, where just 3% of respondents in the said demographic reported investing in crypto .  Despite the improvement in adoption, most Hong Kong-ers said that their top investment preferences were stocks (96%), mutual funds and trusts (24%), followed by bonds (18%). Around three-quarters of overall respondents said the primary goal of investing in crypto was for "short-term pr...

Coinbase is extending its perpetual futures trading service to non-US retail clients, following a successful trial with institutional traders. Coinbase has announced the expansion of its perpetual futures trading service to non-US retail clients. This decision comes in the wake of observing over $5.5 billion in notional volume during the second quarter, predominantly from institutional trading. Coinbase had originally introduced its perpetual futures trading in May. However, this service was exclusively available to institutional investors located outside the United States. Fast forward to Sep. 28, and now, non-US retail traders can check their eligibility for this offering on the Coinbase Advanced platform. The commencement of actual trading for these users is slated for the upcoming weeks. The expansion continues… Thrilled to announce that Coinbase International Exchange has secured regulatory approval from the Bermuda Monetary Authority (BMA) to enable perpetual futures f...

The volatility and purported lack of intrinsic value of most crypto assets make it particularly risky for consumers, the politicians claimed. The trading of so-called “unbacked cryptoassets” such as Bitcoin (BTC) and Ether (ETH) should be regulated as gambling rather than a financial service, a panel of British lawmakers said in a new report.  The United Kingdom is currently working on a crypto regulatory framework that would mix existing financial asset laws with new crypto-specific rules. However, in a May 17 House of Commons Committee report, the U.K. Treasury Committee “strongly recommended” regulating retail crypto trading and investment activity as gambling, consistent with the principle of “same risk, same regulatory outcome.” Published today We’ve just published our report on cryptoassets, setting out our recommendations for the Government’s approach to regulating this market. Learn more and read the report in full https://t.co/CK7CVH2pQ1 pic.twitter.com/GvDQfiGhPU — ...