Hong Kong legalises retail crypto trading
Licensed exchanges will be able to trade major virtual tokens to retail investors
Hong Kong introduced a new regulatory regime for virtual assets on June 1, allowing retail investors to trade major digital tokens at licensed crypto exchanges.
The Hong Kong Securities and Futures Commission (SFC) announced the new rules on May 23, after a consultation process with industry stakeholders that ended in March.
The new rules require exchanges selling or marketing cryptocurrencies to Hong Kong investors to obtain a licence with the SFC after a one-year transition period. They can
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