Hong Kong Virtual Asset Exchange (HKVAX) has secured licensing from Hong Kong’s Securities and Futures Commission (SFC) to operate a virtual asset trading platform. The approval makes HKVAX the third licensed crypto exchange in the city and the first to be authorized under the virtual asset regulatory framework introduced two years ago.
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Bitwise Asset Management wants its crypto futures ETF (exchange-traded fund) converted from long-only strategies to rotate between crypto and US Treasuries exposure depending on market trends.