Crypto News: In a major push for the global digital asset industry Hong Kong rating agency HKVAC reportedly announced its virtual asset index. In addition to Bitcoin (BTC) and Ethereum (ETH), the list includes the largest of the 30 cryptos. This comes after HSBC opened doors for Hong Kong crypto users to trade in BTC and ETH futures Exchange Traded Funds (ETFs).
Also Read: XRP Bulls Coming In Signals On-Chain Data
Crypto reporter, Colin Wu reported that the listed tokens hold several platforms token and privacy tokens. Meanwhile, the list also includes a large number of crypto that are marked as “Securities” by the U.S. Securities and Exchange Commission (SEC). He added that the Hong Kong community thinks that the reference value is low.
As per reports, HKVAC issued virtual asset index includes WBTC, BTCB, stETH, BCH, LTC, BNB, MATIC, ADA, ATOM, FIL, NEAR, ALGO, ICP, XRP, DOGE, DOT, WTRX, SHIB, TRX, LINK, LEO, XMR, XLM, OKB, LDO, HBAR, VET, QNT, FTM, EOS. However, this index is not launched by the Hong Kong Government but it is supported by Hong Kong legislators Johnny Ng, Huobi, KuCoin and others. Read More Crypto News Here…
Also Read: Why XRP Lawsuit Verdict Is Taking So Long?
The Hong Kong Securities and Futures Commission (SFC) mentioned a rule that retail tradable tokens need to be included in at least two indices. However, the criteria HKVAC crypto index follows are kind of simple. It lists the top 30 tokens by market cap.
Changpeng Zhao, Chief Executive Officer of the world’s biggest crypto exchange, Binance, seems to be excited by this development. He wrote, “HK moving forward”.
Native Markets has staked and locked 200,000 HYPE tokens for three years, making USDH the…
The U.S. Securities and Exchange Commission (SEC) is preparing for a key week in October…
Ripple has partnered with Ondo Finance to combine traditional finance with blockchain technology. This partnership…
Ethereum’s exchange supply has dropped by more than 52% from their 2016 levels, hitting a…
Axelar and Midas's mXRP vault has surpassed $22 million in deposits within days of launch.…
Galaxy Digital’s CEO believes that the appointment of the next Fed chair could trigger Bitcoin…