Hong Kong eases virtual asset rules to promote trading liquidity

HONG KONG (Reuters) -Hong Kong will ease a rule to promote liquidity for virtual assets trading as part of the city’s ambition to become a major fintech and digital asset hub, a government official said on Monday.

Hong Kong’s Securities and Futures Commission (SFC) will relax rules on Monday to allow a locally-licensed virtual asset trading platform (VATP) to share a global order book with its affiliates overseas, Julia Leung, CEO of the securities watchdog told Hong Kong Fintech week.

(Reporting by Selena Li, Kane Wu and Scott Murdoch; Editing by Kim Coghill)