Robo-advisers hit KYC roadblock in Asia
Investment platforms cannot sell offshore products such as ETFs for direct retail purchase in Hong Kong or Singapore, and this is proving a major obstacle to robo-advisory business.
Robo-advisers have hit a roadblock in the form of know-your-customer rules in Hong Kong and Singapore, which do not allow the direct purchase by retail investors of offshore products such as exchange-traded funds.
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