Hong Kong’s Definition of Ethereum: Clear and Unambiguous, not a Security, affirms OSL ETF Custodian

According to Wayne Huang, the head of OSL ETF and custody business, the United States has multiple departments simultaneously regulating or attempting to regulate cryptocurrencies. In Hong Kong, it has already been determined that the Securities and Futures Commission (SFC) is responsible for regulating cryptocurrencies. The SFC has provided clear regulatory frameworks, and Ethereum has been defined as a non-security virtual asset, along with Bitcoin, that falls under Hong Kong’s regulatory jurisdiction. Ethereum can be traded by retail investors.