Hong Kong virtual asset spot ETF has been listed for more than a month, but there is still no Hong Kong bank to distribute it

According to a report by Xinbao, the Hong Kong virtual asset spot ETF has been listed for over a month, but banks have not yet put it on the shelves. Chris Barford, the head of data and analysis at EY Hong Kong's financial services consulting, said that traditional banks are concerned about anti-money laundering and know-your-customer (KYC) regulatory risks, and lack relevant technical talent, so they are more cautious about participating in distribution products. He also pointed out that for traditional financial institutions, most virtual currencies are speculative, and the application of relevant basic technologies is a more interesting area.