Retail Tokens Must be Listed on Two Indices for SFC Approval

• The Hong Kong SFC will only allow retail trading for large-cap virtual assets included in at least two indices.
• A crypto news agency published a list of the cryptos that fit into SFC’s approved virtual assets for retail trading.
• SFC’s conditions limit the opportunities for Bitcoin Cash to become one of the approved tokens.

The Hong Kong Securities and Futures Commission (SFC) has announced that it will only allow retail trading for large-cap virtual assets included in at least two indices. The commission did not clarify the yardstick to qualify large-cap digital assets. However, the crypto community is narrowing down on the potential cryptos that may fit into the category.

In a Twitter post, the specialized crypto market resource shared a list of the cryptocurrencies that could fit into Hong Kong’s approved virtual assets for retail trading. The agency examined five indices, listing the various digital assets that populate them. The platform classified each digital asset based on the number of indices it appeared.

A quick look at the crypto indexes I know off the top of my head and the coins that meet the criteria of being listed in 2 independent inde…

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