The new index series from HKEX will offer a single reference price for Bitcoin and Ether, aligning with Asia-Pacific trading hours, and it aims to boost transparency in the digital asset market. <\/p>\n
<\/span> 5750 <\/span> Total views <\/span><\/p>\n 5 <\/span> Total shares <\/span><\/p>\n<\/div>\n Hong Kong Exchanges and Clearing (HKEX), a publicly traded global exchange group, announced the launch of a new digital asset index series for accurate real-time data on digital assets in the Asia-Pacific region.<\/p>\n The HKEX Virtual Asset Index Series will go live on Nov. 15, providing investors with benchmarks for Bitcoin (BTC<\/a>) and Ether (ETH<\/a>) pricing in the Asian time zone.\u00a0<\/p>\n HKEX\u2019s new index series coincides with the Hong Kong Securities and Futures Commission\u2019s (SFC) plans to issue more digital asset exchange licenses by the end of the year. <\/p>\n According to Bloomberg, Eric Yip, the executive director at the SFC, highlighted that firms had been receptive to feedback and the SFC\u2019s push for increasing licensing.<\/p>\n Related: <\/strong><\/em>Hong Kong issues dual-track policy for AI adoption in finance<\/strong><\/em><\/a><\/p>\n The HKEX Virtual Asset Index Series is designed to provide a single reference price for BTC and ETH through a volume-weighted average gathered from data from multiple top-rated exchanges.<\/p>\n According<\/a> to an official press release, the index is stated as compliant with the European Union Benchmarks Regulation (BMR), making this index series the first of its kind in HK.<\/p>\n Bonnie Y Chan, the CEO of HKEX, stated that the index series aims to \u201cenable investors to make informed investment decisions [to] support the development of the virtual asset ecosystem.\u201d<\/p>\n \u201cWe are delighted to introduce the HKEX Virtual Asset Index Series to meet the region\u2019s growing demand for this fast-emerging asset class.\u201d<\/p><\/blockquote>\n Source: <\/em>HKEX<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n Related: <\/strong><\/em>Hong Kong cops clean out alleged $46M deepfake crypto scam<\/strong><\/em><\/a><\/p>\n Alongside the HKEX index series, the SFC is finalizing full licenses for several crypto exchanges previously provided with provisional permits.\u00a0<\/p>\n After a five-month inspection period, the regulator identified unsatisfactory practices among some firms but acknowledged that most had taken corrective actions.<\/p>\n By early 2025, the SFC plans to form a consultative panel with licensed exchanges to improve cooperation and compliance.<\/p>\n The expansion of the regulatory framework also covers over-the-counter trading desks and custodians, reinforcing the oversight of HK digital asset markets.<\/p>\n Related: <\/strong><\/em>Hong Kong to license more crypto exchanges by end of year<\/strong><\/em><\/a><\/p>\n On Oct. 28, Hong Kong\u2019s Financial Services and Treasury Bureau (FSTB) issued new policies geared toward the safe use<\/a> of artificial intelligence.<\/p>\n The Hong Kong government agency detailed<\/a> its stance on the responsible management of AI in finance in its \u2018Policy Statement on Responsible Application of artificial intelligence in the Financial Market.\u2019<\/p>\n In the policy statement, the FSTB stated that AI \u201ccould be deployed to various aspects from risk management to customer services,\u201d leading to new services and products.<\/p>\n \u201cThe public release of generative AI 1 products and services in 2022 has presented ample opportunities to the industry,\u201d the report said.<\/p><\/blockquote>\n In its latest push for AI adoption in finance, the regulator proposed a \u201cdual-track approach\u201d to address the potential hurdles while promoting the innovation of AI development.<\/p>\n Magazine: <\/strong><\/em>The rise of Mert Mumtaz: \u2018I probably FUD Solana the most out of anybody\u2019<\/strong><\/em><\/a><\/p>\n<\/picture><\/div>\n
Bitcoins New index series<\/h2>\n
Bitcoins SFC licensing push<\/h2>\n
Bitcoins Hong Kong push for AI adoption in finance<\/h2>\n