The Hong Kong SFC allows licensed virtual asset brokers to expand their service scope
Foresight News reports that the Hong Kong SFC has issued new [指引](https://sc.sfc.hk/TuniS/apps.sfc.hk/edistributionWeb/gateway/TC/news-and-announcements/news/doc?refNo=26PR24), allowing licensed brokers providing virtual asset trading services to expand their service scope to margin financing, while establishing a high-level framework to provide guidance to virtual asset trading platforms, assisting them in formulating proposals for leveraged products related to virtual assets intended for professional investors.The SFC is expanding the diversity of its products and services according to its ASPIRe roadmap. As one of the latest measures, the SFC now allows virtual asset brokers to provide virtual asset financing services to their securities margin clients, provided that they have sufficient collateral and established robust investor protection. This move could encourage margin clients with sound credit conditions and collateral to participate more actively in virtual asset trading, thereby increasing liquidity in the Hong Kong market within a controllable risk framework.
{spot}(BTCUSDT) The main reason why most people can't keep up with society is just one: the times have changed - but you haven't. In the past 20 years in China, all industries untouched by the Internet are about to be transformed; In the next 20 years, all industries untouched by AI are about to be transformed.
$USD1 Having been in the crypto circle for a long time, almost everyone instinctively becomes wary of the three words 'stablecoin'. It's not that they don't understand the technology, but they've seen too many similar collapses: UST, USDD, Iron, and countless projects that have long been forgotten. They all once had seemingly perfect models, reasonable returns, and were even hailed as the paradigm of the next generation of stablecoins.
Until the market finally pierced through the truth: These projects are not solving the stability issue at all, but rather taking stability for granted as a premise.
It is also because of this history that when the market started discussing USD1, many people's first reaction was: Will it repeat the mistakes of UST?
Xuhao Media 1st Year of the Horse Countdown Gala · Registration Open
Stars never fail those who strive, and time rewards the devoted. Xuhao Media 1st Year of the Horse Countdown Gala is officially open for registration! We sincerely invite all friends to join this grand feast. Singing, dancing, instruments, talk shows, and creative performances are all welcome on stage. Even without a talent, you are invited to cheer and celebrate together. This is our stage, lighted by passion and decorated by charm, welcoming the Year of the Horse. Thank you for your constant support. We look forward to your active participation, and let’s build a warm, exciting and unforgettable countdown gala together!
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