Survey: About one-third of private wealth management institutions in Hong Kong expect to allocate up to 10% of virtual assets within the next five years
According to Jinshi News, the Private Wealth Management Association (PWMA) of Hong Kong released a survey on Friday showing that most private wealth management companies are taking a wait-and-see approach towards virtual assets. However, in recent years, the amount of cryptocurrency transactions in Hong Kong has surged. Coupled with gradually improving regulatory systems, about one-third of wealth management institutions expect their allocation ratio for virtual assets to be 6-10% within five years.
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